Property Details

Recently renovated and remodeled office building turned salon suites featuring a freshly painted exterior/interior, updated windows, and new flooring throughout. The property also includes a fully updated restroom. Estimating that HVAC and LED lighting were updated in 2022/2023.

The building consists of eight individual salon suites, with six currently leased at $300 per month. The current owner occupies three of the suites and intends for the business operations to continue as-is, with existing leases remaining in place.

This property offers a solid investment opportunity with room for future growth through rent increases or additional leasing potential.

Please note: Property taxes have not yet been reassessed, as the former owner was a nonprofit. Prospective buyers should factor a potential tax adjustment into their cash flow analysis.

Listing ID: 100000023

Type: Office

Address: 1001 Division St

City: Orion

Zip: 61273

County: Henry
Sale Price: $205,000

Available SF: 3,416

Approx Acres: 0.31

Annual Taxes: 0 / 2024

Zoning: Commercial

Listing Office: Hawkeye Commercial Real Estate

Brochure

1001 Division St Brochure

Agent

Shawn Stuenkel, CCIM

Shawn Stuenkel, CCIM

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