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DescriptionLOCATED JUST BLOCKS SOUTH OF E.I.U.!A large church consisting of 5,092 square feet sits in the middle of this 1.54 acre parcel just south of Eastern Illinois University. Thereâs maximum parking at this property that consists of four lots on one tax bill. Fourteen rooms consist of large, open sanctuary with upper balcony and stage, numerous class rooms, office, kitchen, three baths and several miscellaneous, multi-purpose areas. Currently rented to a local church, the lease amounts are: 10/01/16 â 09/30/17 at $1,200/month; 10/01/17 â 09/30/18 at $1,367/month and 10/01/18 â 09/30/10 at $1,500/month. Current tenants pay for lawn care, utilities, renterâs insurance and take care of the general upkeep on the building. Per owners, they had formerly designed a 35 unit with 2 bed/2 bed apartment complex for this location. At 72 bedrooms and income of $550/bed, the potential income per months on that investment would be approximately $475,200. The possibilities are endless so call today for your private tour.
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