129 W Main Street

Description

Rare Main Street Investment Opportunity – 5 Units + Laundry Income + Unused Finished Basement! Opportunity to acquire one of only 20 buildings located on Main Street in a Stark County community. Positioned on a corner lot, this five-unit mixed-use property offers stable, long-term income with on-site laundry revenue and upside potential through modest rent increases. The property is located next to Toulon Tap, a well-known local bar that contributes to consistent foot traffic and a strong community presence. *The bar and bar building are not included in the sale.* Several units have long-term tenancies, some new tenants, making this a low-turnover asset suitable for investors seeking dependable cash flow in a low-competition market. A public park with playground equipment and a basketball court is located directly behind the property, placing it within walking distance of key town amenities. The area offers a small-town atmosphere supported by surrounding farmland, while remaining approximately 18 minutes from Kewanee, IL. Nearby amenities include Dollar General, City Hall, the local historical society, medical clinic, Stark County schools, and access to the Rock Island Trail. The town hosts regular community events, including Old Settlers Days. Finished basement offers potential for an additional income stream. Property walkthroughs may be scheduled during the inspection period. Do not disturb tenants. Selling at a 9% cap rate with upside potential. Make an offer.