Mixed-Use
Downtown Canton Owner User Mixed-Use Opportunity
68 E Elm St, Canton, IL 61520
Listing Price: $600,000
Cap Rate
10.00%
Number of Units
4
Occupancy
77.0%
Price/Unit
$150,000
Price/Gross SF
$76.27
Gross SF
7,867
Investment Overview
Owner-user downtown opportunity in Canton, Il.
Downtown Canton Owner User Mixed-Use Opportunity
Investment Highlights
- Owner-User Opportunity in Downtown Canton. Operates 3,675 Square Feet of Restaurant and Bar Space plus 1,000 Square Feet of Pavilion Space, Business could be Purchased along with Building
- Three Apartment Units Upstairs | Generates $21,600 Annually in Rent
- $96,796 in Gaming Income Generated Annually | Transferable with New License Application
- $450k in Recent Capital Improvements (New Facade, Interior, Apartments, Pavilion and HVAC Upgrades)
- TIF District - Qualifying Improvements are Eligible for 25 Percent Reimbursement from the City of Canton
- Turnkey Bar and Restaurant | All Equipment, Gambling Machines, and Liquor Licenses would be Included in Sale
Listing Price: $600,000
Cap Rate
10.00%
Number of Units
4
Occupancy
77.0%
Price/Unit
$150,000
Price/Gross SF
$76.27
Gross SF
7,867
Investment Highlights
- Owner-User Opportunity in Downtown Canton. Operates 3,675 Square Feet of Restaurant and Bar Space plus 1,000 Square Feet of Pavilion Space, Business could be Purchased along with Building
- Three Apartment Units Upstairs | Generates $21,600 Annually in Rent
- $96,796 in Gaming Income Generated Annually | Transferable with New License Application
- $450k in Recent Capital Improvements (New Facade, Interior, Apartments, Pavilion and HVAC Upgrades)
- TIF District - Qualifying Improvements are Eligible for 25 Percent Reimbursement from the City of Canton
- Turnkey Bar and Restaurant | All Equipment, Gambling Machines, and Liquor Licenses would be Included in Sale
Investment Overview
Owner-user downtown opportunity in Canton, Il.
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