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231 S Green Street Chenoa, IL 61726 Commercial - Business Pending

Pending
  • 231 S Green Street, Chenoa, IL 61726 Main Photo

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Description

*A Rare Commercial Gem with Historic Character and Income Potential* Discover an exceptional opportunity to own a standalone commercial building in the heart of downtown Chenoa. Whether you envision a boutique, professional office, or mixed-use investment, this versatile property delivers flexibility, charm, and serious upside. Step inside to find bright, open space crowned by impressive 12-foot ceilings. A stylish reception and serving station feature quartz countertops, bar seating, a beverage cooler, and under-counter storage. Two adaptable fitting rooms offer potential as private offices or storage, while a rear workspace with large north-facing windows easily converts into a conference room, break room, or enclosed office. A full bathroom with updated fixtures rounds out the store front space. Below, a spacious basement with 7.5-foot ceilings and wide stair access provides valuable additional square footage - perfect for storage, inventory, or future buildout that enhances rental income possibilities. Recent updates reflect quality craftsmanship throughout, including new HVAC and modern flooring in the residential space, light fixtures, a striking front display window, and a double glass door entrance. The building's stone facade carries genuine historical significance - hand-carved by folk artist W.D. Neher in the late 1800s, whose work has been featured in Illinois State Museum exhibitions. This distinction makes the property a strong candidate for historic registry designation and potential tax advantages. Situated within a TIF district with development incentives and easy Interstate 55 access, this is an investment worth exploring at an outstanding price point.

Property Highlights

Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1919

General Information

County: McLean
Listed By:
Coldwell Banker Real Estate Group
MRED MLS
$125,000
Est. $890/mo
Pending
MLS#12636401
STATUSPending PROPERTY TYPECommercial - Business

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231 S Green Street, Chenoa, IL 61726.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $125,000$125,000$125,000
Down Payment $25,000$4,375$31,250
Monthly Mortgage Amount $616$766$779
Taxes $174$174$174
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$55$0
Monthly Estimated Total $890$1,095$1,053

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