MLS#26068944
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
Your new investment opportunity awaits! 8-total units (7-residential & 1-commercial unit) in these 2-buildings included w/ this sale. A brand new $60,000 TPO roof was just installed in 2026. At an 85% occupancy this investment has the potential of bringing in $29,577 (annual NOI) at a 11.8% cap rate. Or at a 90% occupancy has the potential of bringing in $32,977 (annual NOI) at a 13.2% cap rate. See attached summary of investment figures provided by seller(s). Figures are not guaranteed & should be individually verified by buyer(s). A great investment opportunity for the perfect investor. Proof of funds or pre-approval required prior to any in-person showings.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air, Window Unit(s)
Heating: Baseboard, Electric, Heat Pump, Radiant Floor
Lot Size: 0.23 Acres
Taxes: $1,403
Feature Descriptions
Current Use: Office, Residential
Days on Site: 3
Electric: Ameren
Exterior: Brick, Vinyl Siding
Laundry: Inside, Laundry Closet, Main Level, Washer Hookup
Parcel#: 25-23-000-473
Parking: Gravel, On Site, On Street, Parking Lot
Potential Use: Commercial, Residential, Retail
Road Frontage: State Road
Road Surface: Paved
Tenant Pays: Cable TV, Internet
Topography: Flat
Water: Public
Listed By / Shown By
Listed By
Agency Name: KW Hometown
Shown By
Agent Name: Cheryl Johnson
Agent Phone: (618) 526-8418
Agency Title: Strano & Associates
602 N Main | MLS# 26068944
This commercial property located at 602 N Main , Augusta, IL 62311 is currently listed for sale with an asking price of $250,000. Search Augusta real estate on chjohnson.strano.com today.