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810 12th Street, Lawrenceville, IL 62439
$195,000
810 12th Street, Lawrenceville, IL 62439View this property at 810 12th Street, Lawrenceville, IL 62439
810 12th StreetLawrencevilleIL62439
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Property Description
The Phoenix is a mixed-use opportunity in Lawrenceville, IL. The building was constructed in 1907, and gutted within the past five years to bring it back to its original glory (thus the name, The Phoenix). The building now has new plumbing & electrical, new flooring, and new vinyl windows. They left the original brick to keep its original charm, and it gives the building a nice industrial feel. The entire roof was removed and replaced with a brand new Duralast commercial grade fabric roof. The tops of the building were reinforced with steel plates and wire. An adjacent parking lot is also included in the sale of this property. The main level of The Phoenix is currently occupied by a restaurant that goes by the same name. The building is owned by the operator of the restaurant, and he is interested is a potential lease-back scenario. Should the buyer of this building want to be an owner operator as well, the seller is negotiable on terms to sell the restaurant and the restaurant equipment. The owner also believes that the lower level would be a great future location for additional apartments. A brand new $27,000 digital sign for the restaurant was just added. The owner did a magnificent job of creating three loft style apartments above the restaurant. Two are smaller (1 bedroom units and 500-600 square feet), the other unit is a HUGE two-bedroom with a loft (approximately 1,700 square feet). The three rentals are bringing in $2,580/month in rental income. The owner is currently including all utilities with the current rent.
Full Property Details
Full Property Details for 810 12th St
General
- Sold For: $195,000
- Taxes: $1,831 (2020)
- Status: Closed
- Type: Commercial
- MLS ID: 11443281
- Added to Site: 711 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Parking
- Total Spaces: 12
Location
- Area: Out of Area South
- County: Other
- Driving Directions: Route 1 east to State Street. South on 12th street.
- Location Details: Out of Area, Central Illinois, Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning, Wall Sleeve
- Heating Type: Central Building Heat, Central Heat/Individual Controls
Structural Information
- Construction: Brick, Steel Siding
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 5,600
- Current Bldg. Use: Commercial
- # of Stores: 1
- Year Built: 1907
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 3
- Units w/Range/Oven: 3
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 9,485
- Lot Dimensions: 44 x 100 x 52 x 113
- Frontage: City Street
- Potential Use: Commercial, Multi-Family
- Zoning: COMMR
Financial Considerations
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1907
- Tax Amount: $1,831
- Tax Year: 2020
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 600143500
Listed by Mr. Landman
Sold by Non Member
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Schools
Schools serving 810 12th St
School District:Lawrence County Community Unit District 20
Rating | Name | Grades | Distance |
---|---|---|---|
1900 Cedar St, Lawrenceville, IL 62439 | PK-5 | 0.9 mi | |
1802 Cedar St, Lawrenceville, IL 62439 | 6-8 | 0.7 mi | |
2200 James St, Lawrenceville, IL 62439 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 810 12th St
Date
Details
Price
Change
Source
6/09/2023
Sold
$195,000
-34.78%
MLS
6/22/2022
Listed
$299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
810 12th Street, Lawrenceville, IL 62439 (MLS# 11443281) is a Commercial property that was sold at $195,000 on June 09, 2023. Want to learn more about 810 12th Street? Do you have questions about finding other Commercial real estate for sale in Lawrenceville? You can browse all Lawrenceville real estate or contact a Coldwell Banker agent to request more information.