123 W St Louis Street

    Lebanon, IL 62254
    • $264,900
    • STATUS: Active
    • ON SITE: 716 days
    • ID#: 16031874
    UPDATED: 94 min ago
    $264,900
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,510
      SQFT
    • $35
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1879
    County:

    School Ratings & Info

    Description

    MUCH MORE THAN A DINING ESTABLISHMENT! DESIGNATED AS A HISTORIC LANDMARK WITH THE IL HISTORIC SOCIETY. OFFERS LOCATION, FLOOR SPACE, & 2ND FLOOR RESIDENCE FOR RENTERS OR EMPLOYEES W/FLOOR SPACE FOR 2-3 APTS. 1 BLOCK FROM THE LOOKING GLASS PLAYHOUSE. FACILITY COULD BE CONSIDERED A "GO TO" GATHERING PLACE FOR AFTER PERFORMANCE MEETING ENJOYING WINE, FOOD, & REFRESHMENTS. BLDG & FACILITIES HAVE UNDERGONE MANY IMPROVEMENTS. ALL RESTRUCTURING OF INTERIOR AND EXTERIOR HAS BEEN COMPLETED W/ THE PRIOR APPROVAL OF THE IL HISTORICAL SOCIETY. THE RENOVATION DETAIL AND INVESTMENT $ WILL BE AVAILABLE TO QUALIFIED BUYER. ORIGINAL CARRIAGE HOUSE WHICH ALSO SERVES AS A DOUBLE GARAGE/STORAGE OF APPROX. 1,600 SQ. FT. WAS NOT INCLUDED IN THE PROPERTY DESCRIPTION, HOWEVER, IS PART AND PARCEL OF THE PROPERTY.NOTE: A current Cash on Cash Return calculation regarding restaurant operations and apartment leases: 26.70 % C. on C. / 12% CAP rate. Seller will seriously consider reasonable prequalified offer.

    Monthly Payment Calculator

    Listing information © 2018 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2018-04-25T23:49:34.603.

    Coldwell Banker Gundaker:(636) 717-6000
    www.suemartinteam.com/homes/62492454

    123 W St Louis Street Lebanon, IL 62254

    • Price: $264,900
    • Status: Active
    • Updated: 94 min ago
    • ID#: 16031874
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    7,510
    SQFT
    $35
    $/SQFT
    1879
    Built
    Neighborhood:
    Not in a subdivision
    County:
    St Clair
    Property Description
    MUCH MORE THAN A DINING ESTABLISHMENT! DESIGNATED AS A HISTORIC LANDMARK WITH THE IL HISTORIC SOCIETY. OFFERS LOCATION, FLOOR SPACE, & 2ND FLOOR RESIDENCE FOR RENTERS OR EMPLOYEES W/FLOOR SPACE FOR 2-3 APTS. 1 BLOCK FROM THE LOOKING GLASS PLAYHOUSE. FACILITY COULD BE CONSIDERED A "GO TO" GATHERING PLACE FOR AFTER PERFORMANCE MEETING ENJOYING WINE, FOOD, & REFRESHMENTS. BLDG & FACILITIES HAVE UNDERGONE MANY IMPROVEMENTS. ALL RESTRUCTURING OF INTERIOR AND EXTERIOR HAS BEEN COMPLETED W/ THE PRIOR APPROVAL OF THE IL HISTORICAL SOCIETY. THE RENOVATION DETAIL AND INVESTMENT $ WILL BE AVAILABLE TO QUALIFIED BUYER. ORIGINAL CARRIAGE HOUSE WHICH ALSO SERVES AS A DOUBLE GARAGE/STORAGE OF APPROX. 1,600 SQ. FT. WAS NOT INCLUDED IN THE PROPERTY DESCRIPTION, HOWEVER, IS PART AND PARCEL OF THE PROPERTY.NOTE: A current Cash on Cash Return calculation regarding restaurant operations and apartment leases: 26.70 % C. on C. / 12% CAP rate. Seller will seriously consider reasonable prequalified offer.
    Exterior Features

    Building Type 2 StoriesApartmentRestaurant Construction Conventional Exterior BrickStone Land Info Available Lot Dimensions 132X45 Parking Description ConcreteLighted Parking Parking Spaces 8 Road Access City Street Road Frontage 100 Roof Architecural ShingleCompositionPitched/Sloped Unit Location CityCorner LocationDowntownHigh TrafficRetail Center

    Interior Features

    Cooling Central-Electric Heating Forced Air Interior Walls Non Applicable Miscellaneous 2+ LavatoriesAlleyBuilding SignBurglar AlarmDisplay WindowExterior LightingKitchen FacilitiesSmoke Alarm/DetecSprinkler System

    Property Features

    Association Realtor Association Of Southwestern Illinois Building Fuel ElectricGas Business Name Tapestry Room Clear Ceiling Height 12 Commercial Property Type Retail Conditions Unknown Cross Street Address Highway 4 Current Use ResidenceRestaurant Disclosures Historic Restriction Docs Avail At Office Aerial Photo Electric Service 220 V3 PhaseAmerenSingle Phase Gross Operating Income 0.00 Lease Terms None Net Income 0.00 Operating Expense Common Area MtceElectricityGasHeat/CoolingProperty InsuranceReal Estate TaxWater & Sewer Possession At Closing Possible Buyer Fees YN No Potential Use Building Trades/ServConvenience StoreFood StoreFood/Bev/RestaurantMeeting HallOffice/GeneralProfessional ServiceRetail Operation Sale Includes Building & BusinessBuilding & LandOption To LeaseSome InventorySubject To Lease Selling Terms CashConventional Sewer Public Sewer Main 6" Sewer Main Special Description No Exemptions Special Listing Conditions None Square Footage Source County Records Tax Exempt 0 Tax Year 2016 Taxes Paid 4512 Total Expenses 0.00 Utilities Available CableElectricGasWaterSewer Water Public Water Main 2" Water Main Zoning Commercial

    Listing provided courtesy of Strano & Associates. Listing information © 2018 Mid America Regional Information Systems, Inc.
    Listing information © 2018 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2018-04-25T23:49:34.603.

    Coldwell Banker Gundaker:(636) 717-6000
     
    Coldwell Banker Gundaker
    516 Old Smizer Mill Road
    Fenton MO, 63026