GENERAL: A commercial building is being offered for sale in Silvis, Illinois - at 1121 1st Avenue. The asking price for this property is $115,000. COMPLEX/EXTERIOR: Located on the main business throughfare in downtown Silvis, the building is a two-story wood frame structure facing South at the corner of 1st Avenue and 12th Street. It has a vinyl exterior siding on the east side with vinyl siding and partial cinder block on the west side. Built in 1950, the site includes a detached garage in back of the building, and gravel parking space on the side of the building facing 12th Street. The lot size is approximately 1/3 acre. BUILDING/INTERIOR: The building is about 80 feet long by about 30 feet wide. The foundation is concrete cinder block with a basement where utilities access is located. The second floor contains two residential apartments; a two bedroom, and a one bedroom unit, each with one bathroom. The two bedroom unit contains its own area for clothes washer and dryer. The first floor contains the commercial store front, currently used as a magazine/periodicals store. There is a living area behind the store, accessible via separate outside door entry. UTILITIES Heating is centralized with a single natural gas forced air furnace in the basement. There is a 55 gallon gas hot water tank in the basement which services the building. Electric service is separately metered to each unit. FINANCIAL Gross rents: approximately $16,800 annually. Real estate taxes $2,400
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