Eric Schlutz, ALC
Description
Sitting in the historic downtown of Savanna is this fabulous brick building with beautiful river views. The building is three stories tall & has a basement. The property has a long term tenant on the main level, that space has been completely renovated & currently is used by H&R Block. The two upper floors have been taken down to bare spaces so you can bring many visions to life. The city of Savanna does have TIFF money available for businesses buildout. With Airbnb or event space it would bring life to the upstairs & create more income for the building. Per seller the city is in the process of creating a new river boat dock system & walkway which will bring even more people to town. This is a great opportunity in a well known river town Main Street. All information to be verified by buyer/agent.
Property Highlights
Property Type: Commercial - Retail
Building Description: 3.0 stories
Year Built: 1882
General Information
County: Carroll
Listed By:
HomeSmart Residential and Commercial Realty
563-571-0209
MRED MLS
MLS ID: 12774514
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305 Main Street, Savanna, IL 61074.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $315,000 | $315,000 | $315,000 |
| Down Payment | $63,000 | $11,025 | $78,750 |
| Monthly Mortgage Amount | $1,634 | $2,032 | $2,026 |
| Taxes | $438 | $438 | $438 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $139 | $0 |
| Monthly Estimated Total | $2,172 | $2,709 | $2,564 |
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