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.
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067
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Toulon is located in Illinois. Toulon, Illinois has a population of 1,424. Toulon is more family-centric than the surrounding county with 37.43% of the households containing married families with children. The county average for households married with children is 28.74%.
The median household income in Toulon, Illinois is $42,292. The median household income for the surrounding county is $55,109 compared to the national median of $69,021. The median age of people living in Toulon is 43.2 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 12.8 degrees. The average rainfall is approximately 37.3 inches per year, with 24.6 inches of snow per year.
