Price Reduction
Address
523 W Blackhawk Drive, Byron, IL
Price
$ 669,900
Property Attributes
  • MLS#11963236
  • TypeCommercial
  • CountyOGLE
  • CityByron
  • AreaByron
  • Zip61010
  • StyleCommercial
  • Year Built1950
  • Taxes$ 20545
  • Price$ 669,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.99472 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Calling Investors!!! Great investment opportunity with two means of income - Successful existing restaurant with a 3 year lease plus a 5 unit apartment building (long term renters) - great cash flow. Restaurant has been remodeled & kitchen updated. Apartments have 2 bedroom & laundry in each. Lots of paved parking for both the restaurant and apartments. Great central location on the state highway and in the busy business area with a traffic count of 10,600 daily. (business not included - only building and apartments) Outdoor covered patio not included in the sale.

Price History
1/17/2024 Listed $750,000
2/20/2024 7% - $699,000
5/3/2024 5% - $669,900

General Features

Cooling Central Air
Utilities Electric to Site,Gas to Site
Zoning COMMR
Year Built 1950
Electric Circuit Breakers
Tenant Pays Electricity,Heat
Stories 1
Township Byron
Property SubType Apts/Stores
Tax Year 2022
Current Use Commercial
Gross Income 75240
County Ogle
Property Type Commercial Sale
Possible Use Commercial
Status Active
Directions Located on RT 2 in Byron
City Byron
Total Units 6
MLS Area Byron
Lot Size Square Feet 43330
Street Name Blackhawk
Tax Annual Amount 20545.7
Additional Parcels Y/N No
Days on Market 115
Standard Status Active
Property Type Mixed Use

Interior Features

Street Suffix Drive

Exterior Features

Lot Dimensions 240.72 X 180 X 240.72 X 180
Frontage Type US Highway

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 61010

Price
AVG $670K
$670K
Taxes
AVG $20,545
$20,545
Visits
AVG 55
54
Data Provided by Inside Real Estate®
Year Built
AVG 1950
1950