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Listed by Jared Litwillerof Freedom Realty
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Est. payment | /mo
3 Beds
2 Baths
1,232 SqFt
-
Est. payment | /mo
3 Beds
2 Baths
1,232 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached Single
Listing Status Active
Purchase Type For Sale
Square Footage 1,232 sqft
MLS Listing ID 12738602
Bedrooms 3
Full Baths 2
Year Built 1956
Annual Tax Amount $4,251
Tax Year 2024
Lot Dimensions 0.12
Property Sub-Type Detached Single
Property Description
LOCATION, LOCATION, LOCATION! Commercially zoned property situated directly across the street from the Illinois State University campus, offering a rare opportunity for investors, developers, or business owners. Previously utilized as a detached single-family student rental, the property provides several potential paths for future use. Continue operating it as student housing, repurpose the existing structure for another permitted commercial use, or take advantage of the prime location and redevelop the site. With its highly visible location immediately adjacent to ISU and an affordable acquisition price, this property offers exciting potential for both immediate use and future redevelopment with very little risk as the ground it sits on is just as valuable. Perfect for someone with a student at the university wanting something in walking distance to classes with easy resale after graduation.
Location
State IL
County Mclean
Rooms
Basement None
Interior
Interior Features 1st Floor Bedroom, 1st Floor Full Bath
Heating Natural Gas
Cooling Central Air
Fireplace N
Laundry Main Level, In Kitchen
Exterior
View Y/N true
Building
Story 1 Story
Sewer Public Sewer
Water Public
Structure Type Brick,Other
New Construction false
Schools
School District 5, 5, 5
Others
HOA Fee Include None
Ownership Fee Simple
Special Listing Condition None
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NEARBY SCHOOL & BUSINESS