Lori Scarbrough

1101 E 5th Street Metropolis, IL 62960 • Commercial - Retail • Active

  • 1101 E 5th Street, Metropolis, IL 62960 Main Photo

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Description

Versatile 2,000-square-foot property situated along US Highway 45 in Metropolis with great potential for a variety of uses. Most recently utilized as professional office space for a CPA and insurance agency, the building is currently vacant and ready for its next owner and/or tenants. The exterior of the building has recently been painted giving it a fresh, modern look. Two separate electric meters provide the opportunity to accommodate two tenants, and the layout could also be converted into a duplex for residential rental use. The building features several exterior entrances, a handicap-accessible ramp, one full bath and two half baths, plus a range, dishwasher and microwave. With a flexible floor plan, potential uses include professional offices, retail space, residential rentals or a combination of uses, subject to applicable zoning and approvals. Parking is a major plus, with space for 12+ vehicles between the side parking lot and additional parking along the rear alley. Several tax and financial incentives available, subject to approval, from the City of Metropolis. Whether you're looking for an investment property, space for your own business, or a property with multiple income possibilities, this property offers plenty of options.

Property Highlights

Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1924

General Information

County: Massac
Listed By:
Farmer & Co. Real Estate 618-524-3000
MRED MLS
$99,900
Est. $764/mo
Active
SQUARE FEET3,000 MLS#12764977
STATUSActive PROPERTY TYPECommercial - Retail

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1101 E 5th Street, Metropolis, IL 62960.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $99,900$99,900$99,900
Down Payment $19,980$3,497$24,975
Monthly Mortgage Amount $525$644$648
Taxes $139$139$139
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$44$0
Monthly Estimated Total $764$927$887

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