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213 W Walnut Street, Watseka, IL 60970
$375,000
213 W Walnut Street, Watseka, IL 60970View this property at 213 W Walnut Street, Watseka, IL 60970
213 W Walnut StreetWatsekaIL60970
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Property Description
TERRIFIC INVESTMENT OPPORTUNITY - with peace of mind! This 14 unit motel/apartment hybrid building has a new roof, plus new windows and screens, all with transferrable warranties. Brand new furnace, too! Most of the apartments are on the top floor; there are laundry facilities on the 2nd floor, and the theater is on the main floor - and could be converted into retail space. The building has central air, but tenants can rent window units, as well.* BRING HISTORY BACK TO LIFE! This famous building was established by the Railroad Company as a theater & hotel for its employees - it has many beautiful architectural features, as well as modern comforts. A steady source of income and a unique prospect - come and see! (c)2022 *See zoning notes in broker remarks.*Flooring credit for common area negotiable with acceptable contract.*
Full Property Details
Full Property Details for 213 W Walnut St
General
- Price: $375,000
- Taxes: $1,824 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11355366
- Updated: 4/3/2024
- Added to Site: 768 day(s) ago
Interior
- Interior Features: Inside Corridor(s), Multi-Tenant, Private Restroom(s), Basement, Furnished Units Available, Laundry Room
- Flooring: Carpet, Vinyl
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s)
Parking
- Parking Features: 13 to 18 Spaces
Location
- Area: Watseka
- County: Iroquois
- Township: Middleport
- Driving Directions: From Kankakee: Rte 1 south to Watseka; left on Walnut. Property on right, by the bakery.
- Location Details: Out of Area, Central Business District, Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Central Building Heat, Electric, Forced Air
Utilities
- Trash: 1194
- Onsite: Sanitary Sewer, Municipal Water
Structural Information
- Construction: Brick, Wood Frame
- Exterior Const.: Brick
- Foundation: Block, Brick/Mortar
- Roof: Membrane
- Sub-Flooring: Carpet, Vinyl
- Stories/Levels: 3
- Square Feet: 9,375
- Year Built: 1917
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 1
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 3,225
- Lot Dimensions: 25 x 128.9 x 25 x 128.9
- Frontage: City Street
- Potential Use: Commercial, Multi-Family
- Zoning: OTHER
Financial Considerations
- Lease Price: $17
- Insurance Fee: $3,478
- Operating Expenses: $19,569
- Other Fee: $5,000
- Security Deposit: Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1917
- Tax Amount: $1,824
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Other, Varies by Tenant
- Pays Electric: 5066
- Pays Trash: 1194
Disclosures and Reports
- Property ID: 19324520070000
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Schools
Schools serving 213 W Walnut St
School District:Iroquois County Community Unit School District 9
Rating | Name | Grades | Distance |
---|---|---|---|
Nettie Davis Elementary School
495 N 4th St, Watseka, IL 60970 | K-1 | 0.4 mi | |
Wanda Kendall Elementary School
535 E Porter Ave, Watseka, IL 60970 | 2-3 | 0.8 mi | |
Woodland Elementary School, Woodland, IL
200 Miner Street, Woodland, IL 60970 | 4-5 | 4.1 mi | |
101 W Mulberry St, Watseka, IL 60970 | 6-8 | 0.2 mi | |
138 S Belmont Ave, Watseka, IL 60970 | 9-12 | 0.7 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 213 W Walnut St
Date
Details
Price
Change
Source
12/20/2023
Price Reduced
$375,000
-3.85%
MLS
12/27/2022
Price Reduced
$390,000
-9.3%
MLS
8/05/2022
Price Reduced
$430,000
-4.44%
MLS
3/23/2022
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 213 W Walnut St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$1,724
-5%
$16,328
—
2021
$1,824
-1%
$16,328
—
2020
$1,837
—
$16,328
—
2019
$1,829
-3%
$16,328
—
2017
$1,886
-1%
$16,328
—
2016
$1,911
3%
$16,328
—
2014
$1,858
—
$16,328
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 213 W Walnut St
213 W Walnut Street, Watseka, IL 60970 (MLS# 11355366) is a Commercial property. 213 W Walnut Street is currently listed for $375,000 and was received on March 23, 2022. This property is listed by Susan Fisher from our Bradley Office.Want to learn more about 213 W Walnut Street? Do you have questions about finding other Commercial real estate for sale in Watseka? You can browse all Watseka real estate or contact a Coldwell Banker agent to request more information.