Otto Nobis
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
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.
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 1,232
Built in 1956
School District: District 5
Brick Exterior
General Information
Bedrooms: 3
Bathrooms: 2
Sqft: 1,232
County: McLean
Listed By:
Freedom Realty
309-585-2281
MRED MLS
MLS ID: 12738602
Room Information
Bedroom 2: 14X11
Bedroom 3: 13X12
Kitchen: 14X8
Laundry: 5X6
Living Room: 18X13
Primary Bedroom: 22X12
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212 W Locust Street, Normal, IL 61761.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $225,000 | $225,000 | $225,000 |
| Down Payment | $45,000 | $7,875 | $56,250 |
| Monthly Mortgage Amount | $1,198 | $1,470 | $1,458 |
| Taxes | $313 | $313 | $313 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $99 | $0 |
| Monthly Estimated Total | $1,611 | $1,982 | $1,871 |
Otto Nobis
REALTOR®
Cell: (563) 340-9782
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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