Eric Thompson
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
This attractive storefront property is set in a prized Main Street location in the popular village of Ladd, right off Interstate 80! A beautiful exterior showcases a bank of store-front plate-glass windows. Significant work has been put into the initial rehab, including the flooring - new concrete and gravel, ready for finishing. Roof was an entire tear-off. It now sports a new metal roof on the back section with new torch down roll roof on top of 3/4-inch treated plywood on the main section. This, plus new insulation, gives you a head-start on tackling the big jobs. And yes, there is work to do, but the basics are in place. Sewer lines have been installed and electric, gas, and water access can be immediate. New glass-block windows are in place, bringing in valuable natural light. In front, you have plenty of public parking, and the 9-foot-tall by 10-foot-wide overhead door in back affords easy access for bringing in anything from building materials to merchandise or furniture. The sky-high 12-foot ceilings add to the feel of infinite space in the vast interior, ready to bring your own vision to life. A full second level offers unexplored potential for future rental income. Come prepared to put in some sweat-equity, but the possibilities are unlimited for a smart entrepreneur/rehabber/investor. Being sold as-is. Buyer to verify use and zoning. Please note disclosures.
Property Highlights
Property Type: Commercial - Investment
Building Description: 2.0 stories
General Information
County: Bureau
Listed By:
Landmark Realty of Illinois LLC
815-875-1221
MRED MLS
MLS ID: 12800853
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109 N Main Street , Ladd, IL 61329.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $55,000 | $55,000 | $55,000 |
| Down Payment | $11,000 | $1,925 | $13,750 |
| Monthly Mortgage Amount | $289 | $350 | $354 |
| Taxes | $77 | $77 | $77 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $24 | $0 |
| Monthly Estimated Total | $466 | $551 | $531 |
Eric Thompson
REALTOR®
Cell: (515) 509-1438
Licensed in IA
Iowa City Office
1075 Highway 1 West
Iowa City, IA 52246
(319) 351-7845
Iowa City, IA 52246
(319) 351-7845
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