SOLD
$110,000
Date 04/19/2022

448 Elm Place
Princeton, IL 61356

Mixed Use, Business Opportunities
Commercial
1.346
Acre Lot
Courtesy: Harvest Realty and Development
CB Today> Illinois> Princeton> 61356
Unique opportunity to own a piece of Princeton history. Please note tax Id will be determined as this parcel will be split off of a larger "Campus" that originally was the Covenant Children's Home, a organization that was home to hundreds of youth who had no families to live with. The Children's Home Campus is being separated with this particular parcel including a "Boiler Building " with a address of 502 Elm Place. A aerial plat is on file. The property being sold consists of a brick 2 story gymnasium with a smaller 2 bedroom second level apartment. The gymnasium has a hardwood floor basket ball court as well as bathrooms and a shower. The second building included is a story and a half "Boiler Building" that originally housed a laundry facility on the second level along with a office and half bath. The lower level has a heating boiler that heats the boiler building and the gymnasium/ apartment. There is so much potential in this property. A couple of "house keeping" notes, the boiler building is scheduled to have a new additional gas meter installed that will "split " the current one gas meter that also distributes gas to a classroom building, which has been sold to Braveheart, a children's advocacy organization. A water line is also being installed that currently supplies water to the Braveheart building but once split, will have the Braveheart building on it's own water meter service. Please note all initial showings will be for the properties less the apartment, which is occupied on a month to month basis with a renter. Secondary showings we will make arrangements with the renter to see the apartment. Utilities and taxes, the property is currently exempt from property taxes. The boiler building was up to 1 month ago, serving electricity to various other buildings on site, since the first of January, 2022, the electricity has been split up, with additional electric meters added. The pending utility splits for water and gas are designed to split the same properties as was done with electric. Prior to closing, the seller will complete the needed utility splits from other campus properties, leaving the two buildings being sold together on one electric meter , one gas meter and one water meter. Please note, the current zoning is R3 ....prospective buyers should consult with City Of Princeton zoning Dept. to verify future uses of buildings. Final note, all property being sold and conveyed "as is" with no warranty for any buildings mechanicals or environmental issues.
11322948
Commercial - Mixed Use, Business Opportunities, 2 Story
1920
Bureau
1.346 Acres
2
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Harvest Realty and Development
Listings courtesy of MRED as distributed by MLS GRID

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