Shelly Phares
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Endless possibilities in the heart of Downtown Byron! Formerly known as Spanky's Bar, this approximately 4,000 square foot, two story building offers a fantastic opportunity for investors, developers, or business owners looking to create something special in a highly visible downtown location. With potential for retail, office space, apartments, or a mixed-use development, this property is a blank canvas ready for your vision! The spacious interior offers two levels of flexible space ready to be finished and customized to fit your needs. Whether you envision retail or commercial space on the main floor with residential units above, multiple rental units, or an entirely new business concept, the possibilities are exciting! Plumbing, electrical, mechanical systems, and interior finishes will need to be completed, allowing the new owner to design the space around their specific plans. A newer partial basement with a poured concrete foundation provides additional storage and utility space. TIF funds through the City of Byron may also be available to assist with eligible redevelopment and improvements. With its recognizable history, downtown location, and flexible layout, this property offers a unique opportunity to bring new life to a well known Byron building. Bring your ideas and make this blank canvas your next investment or business venture! Property is being sold as is.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Ogle
Listed By:
RE/MAX of Rock Valley
815-732-9100
MRED MLS
MLS ID: 12785596
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216 N Union Street , Byron, IL 61010.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $250,000 | $250,000 | $250,000 |
| Down Payment | $50,000 | $8,750 | $62,500 |
| Monthly Mortgage Amount | $1,331 | $1,633 | $1,620 |
| Taxes | $348 | $348 | $348 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $110 | $0 |
| Monthly Estimated Total | $1,779 | $2,191 | $2,068 |
Shelly Phares
REALTOR®
Cell: (309) 269-2669
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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