100 E Market Street, Piper City, IL 60959
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100 E Market Street, Piper City, IL 60959
100 E Market Street, Piper City, IL 60959
100 E Market Street, Piper City, IL 60959
100 E Market Street, Piper City, IL 60959
Listed by Jeremy Slowinskiof Ellsbury Group LLC
Bought with Jarrin Blunier of Coldwell Banker Real Estate Group

$400,000

Est. payment /mo

$575,000

30.4%
Est.Price: ?

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100 E Market Street Piper City, IL 60959

0.52 Acres Lot

SOLD DATE : 03/05/2026

Key Details

Sold Price $400,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12465785

Sold Date 03/05/26

Year Built 1970

Annual Tax Amount $8,100

Tax Year 2024

Lot Size 0.520 Acres

Lot Dimensions 150 x 150 x 150 x 150

Property Sub-Type Multi Family 5+

Property Description

This meticulously maintained, all-brick 8-unit apartment building offers a compelling investment opportunity in a high-demand rental market. Each spacious two-bedroom unit is designed for tenant comfort and boasts generous living areas, ensuring consistent desirability. The property features a coin-operated laundry facility, providing an additional revenue stream. Currently, the building enjoys full occupancy with no vacancies, reflecting its strong appeal and effective management. The property is in excellent condition, with ongoing maintenance ensuring long-term durability and minimal upkeep costs. A significant value-add opportunity exists for a new investor, as current rents are below market rates. By strategically adjusting rents to align with local market trends, a buyer can increase cash flow and maximize return on investment. This turnkey property is ideal for investors seeking a stable, income-producing asset with immediate upside potential. Property sits on a double lot that could be used to build a similar building upon village approval. Contact us today to schedule a viewing and explore the financials of this exceptional investment opportunity.

Location

State IL

County Ford

Zoning COMMR

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

View Y/N true

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