Property
Beds
9
Full Baths
None
1/2 Baths
None
Year Built
1930
Sq.Footage
21,626
Under contract-accepting backup offers. Prime Mixed-Use Investment Property – Fully Renovated & Income Producing This exceptionally well-maintained mixed-use property offers the perfect blend of stable income, modern upgrades, and prime location visibility. With 10 commercial units on the ground floor and 9 residential units upstairs, this building is an ideal investment opportunity with strong long-term tenants already in place. Key Features & Upgrades: Completely re-wired and re-plumbed in 2017–2018. All new AC units 2017/2018, plus new windows throughout (except 1st floor storefront windows facing Grove St). Roof re-coated (July 2025) and building repainted (July 2025) for long-term durability and curb appeal. Fully sprinkled with fire and smoke alarm monitoring. Ample onsite parking with 33 dedicated spaces, plus additional street parking for tenants and customers. Tenant Mix & Income Highlights: 10 Commercial Units (Downstairs): Occupied by established, long-term tenants with a strong history of success. 9 Residential Units (Upstairs): Stable residential occupancy with updated living spaces. Seller Lease-Back: Seller to lease one commercial unit for 12 months at $1,000/month, providing immediate, guaranteed rental income. Water/Sewer bill back on some commercial and residential tenants. Investment Advantages: Rare opportunity to acquire a fully updated, income-generating property with strong tenant retention. Mixed-use diversity ensures income stability across both residential and commercial markets. Turnkey condition—minimal capital improvements needed thanks to extensive renovations and recent updates. This property benefits from high visibility, steady traffic, and excellent accessibility.
Features & Amenities
Interior
-
Total Bedrooms
9
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.38
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$2,355,000
-
Tax Amount
24644.35
-
Sq. Footage
21, 626
-
Price/SqFt
$108
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
5
-
Water Source
Public
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Location
County
Lake
Elementary School
Middle School
High School
Listing Courtesy of Wesley Owen , SIM REI
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