523 West Blackhawk Drive

Byron, IL 61010

$699,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Calling Investors! Great investment opportunity with two means of income - Successful existing restaurant with a 3 year lease plus a 5 unit apartment building (long term renters) - great cash flow. Restaurant has been remodeled & kitchen updated. Apartments have 2 bedroom & laundry in each. Lots of paved parking for both the restaurant and apartments. Great central location on the state highway and in the busy business area with a traffic count of 10,600 daily. (business not included - only building...Calling Investors! Great investment opportunity with two means of income - Successful existing restaurant with a 3 year lease plus a 5 unit apartment building (long term renters) - great cash flow. Restaurant has been remodeled & kitchen updated. Apartments have 2 bedroom & laundry in each. Lots of paved parking for both the restaurant and apartments. Great central location on the state highway and in the busy business area with a traffic count of 10,600 daily. (business not included - only building and apartments) Outdoor covered patio not included in the sale.
  1. Listed by Rebecca Adams • Re/Max of Rock Valley

Property Details for 523 West Blackhawk Drive

Area
Byron
Township
Byron
Zoning
COMMR

Location

Listing Courtesy of Re/Max of Rock Valley
Add your commute
LISTING UPDATED: 02/26/2024 12:07 AM

Property Details for 523 West Blackhawk Drive

StatusActive
MLS #11963236
Days on Market154
Taxes$20,546 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1950
Lot Size0.99 AC / 43,330 SF
CountyOgle County

Location

Listing Courtesy of Re/Max of Rock Valley
Add your commute

Building Information for 523 West Blackhawk Drive

Stories-Residences6Year Built1950Lot Size0.99 AC / 43,330 SF

Payment Calculator

$5,527 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,815

Property Taxes

$1,712

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 523 West Blackhawk Drive

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
Location and General Information
  • Frontage Type: US Highway
  • Geographic Locale: Out of Area
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 5
  • Misc Outside: Patio
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 240.72 X 180 X 240.72 X 180
  • Lot Size Square Feet: 43330.0
  • Stories: 1
  • Fire Protection: None
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial
  • Public Document Count: 0
  • Photos Count: 11
Miscellaneous
  • Current Use: Commercial
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $75,240.00
  • Gross Scheduled Income: $75,240.00
  • Insurance Expense: $.00
  • Total Monthly Income: 6270
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 523 West Blackhawk Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 523 West Blackhawk Drive

Taxable ValueLand$164,241Additions$75,351Total$239,592
Tax Record2022$20,546 ($1,712 / month)
Home Facts
Total Finished SqFt2,844 SqFtAbove Grade Finished SqFt2,844 SqFtStories1Lot Size43,326 SqFtStyleMiscellaneous CommercialCountyOGLEAPN05-31-276-007

Schools near 523 West Blackhawk Drive

This home is within Byron Community Unit School District 226.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Mary Morgan Elementary School
PublicPK to 5

Byron Middle School
Public6 to 8

Byron High School 9-12
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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523 West Blackhawk Drive is a mixed use property for sale in Byron, IL 61010. This property was listed for sale on January 17, 2024 by Re/Max of Rock Valley, it's currently listed at $699,000. This listing's school district is Byron Community Unit School District 226. Nearby schools include Mary Morgan Elementary School, Byron Middle School and Byron High School 9-12. 523 West Blackhawk Drive is a 0-bed, 0-bath, mixed use property built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max of Rock Valley

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.