119 W 1st Street
Dixon, Illinois IL 61021
$550,000 Price
11267214 Listing ID
Fabulous 3 story office building in beautiful, historic downtown Dixon. This building is a one of a kind showpiece. It features 3 full floors of finished space plus an elevator, wheelchair access and sprinkler system. This building also features exposed brick and stone walls. The 3rd floor skylight allows natural light to stream in all the way to the first floor. It really is a must see! Each floor could be rented separately or divided up. If building was rented out at full capacity at the going rate of $7 dollars per square foot, the yearly gross would be $69,552. Tons of rental potential, current leases are month to month. Call today!
Schedule Showing Virtual Tour
Status Active
County Lee
Year Built 1901
Property Type Commercial Sale
Commercial Sale
Property Sub Type Mixed Use

Primary Features

County: Lee
Price Before Reduction: 560000
Price Reduction Date: 2022-08-09T16:38:25+00:00
Property Sub Type: Mixed Use
Property Type: Commercial Sale
Year Built: 1901
Zoning: COMMR


Cooling: Central Air, Zoned
Lot Size Dimensions: 24X120
Lot Size Square Feet: 2880
Number Of Offices: 11
Office SqFt: 8280
Stories: 3


Electric: Circuit Breakers
Frontage Type: City Street
Heat/Ventilation: Forced Air
Number Of Units Total: 3


Approximate Age: Older
Location: Central Business District


Board Number: 19
Built Before 1978: yes
Current Use: Commercial
Fire Protection: Sprinklers-Wet
Information: 24-Hr Notice Required,List Broker Must Accompany
Market Code: Active
Status: Active
Number Of Tenants: 3


Electric Expense: 300
Fuel Expense: 113
Gross Income: 60000
Gross Rent Multiplier: 9.33
Gross Scheduled Income: 60000
Insurance Expense: 451
Insurance Expense Source: Owner Projection
Other Expense: 337.62
Tax Annual Amount: 5114
Tax Year: 2020
Tenant Pays: Other
Total Monthly Income: 5000
Water Sewer Expense: 59

Zoning Info

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Listed by: Crawford Realty, LLC (815) 677-0934

Contact - Listing ID 11267214

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Andrea Ragan

United States
Phone: 8159734033
Fax: 8152853436

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