Commercial for Sale: 302 N Railroad Street, Freeburg, IL 62243

$138,000
$138,000
302 N Railroad Street, Freeburg, IL 62243
$138,000
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Price:
$138,000
$2,000 - 06/28/2024
Est. payment: Skip to Mortgage Calculator

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Type Commercial
Lot Size 0.76 acres
Taxes Paid $2,903
City Freeburg
County St Clair-IL
Subdivision Temples Add
MLS 23057911
Status Active
DOM 190 days
INVESTMENT OPPORTUNITY. This .76 Acres lot centrally located in the heart of Freeburg. Currently Zoned MH-1, this parcel consists of 6 mobile home lots. 1 mobile home is included with this sale (older home currently rented for $490 including the lot). 5 other lots have owner occupied mobile homes and pay lot rent at a rate of $210 per month. Current annual income is $18480 with the belief that lot rental is below market value and may be increased. Seller is currently paying approximately $500 per year for insurance. Taxes are approximately $2600 per year. Each tenant mows their own lawn. All streets are city owned and maintained. Owner is responsible for sewer lines from the mobile home to the city street as is electricity from pole. One sewer line was replaced and one pole was replaced by seller over 10 years ago. Seller considers this a maintenance free property. Great ROI

Virtual Tours for 302 Railroad Street Freeburg, IL

Lot & Building Features

Construction Pre-Fab
Cooling None
Heating None
Parking Description None
Sewer Public Sewer
Tax Year 2022
Water Public

Price History of 302 Railroad Street, Freeburg, IL

Date Name Price Difference
06/28/2024 Price Adjustment $138,000 1.43%
05/14/2024 Price Adjustment $140,000 3.45%
09/26/2023 Listing Price $145,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Tina Dreckshage
Direct: 314-565-3898
Office
5285 Hwy N, Ste 104
St. Charles, MO 63304
636-400-7653
Listed by Tammy Mitchell Hines & Co., Tammy Hines
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20%
2.1036231884058%
6.75%
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302 Railroad Street (MLS #23057911) is a commercial listing located in Freeburg, IL. This is a commercial listing with a lot of 33,106 sqft (or 0.76 acres). This property was listed on 03/22/2024 and has been priced for sale at $138,000.

Nearby zip codes are 62220, 62221, 62226, 62264 and 62285. This property neighbors other cities such as Belleville and Smithton.

Maris

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Listing information courtesy of: Tammy Mitchell Hines & Co.

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