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502 1st St
La Salle, IL 61301

$499,500 USD

Storefront For Sale  •  5,000 SF

Property Details

  • Property Type Storefront
  • Total Building Size 5,202 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1900
  • Cap Rate 8.41 %
  • Tenancy Multiple
  • Zoning C-3
0 Transit Score
83 Walk Score

Highlights

75% occupancy - bring your business to become an Owner-User of the remaining space!
Complete renovation in 2025/2026
Lots of Natural Light and TONS of basement storage

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $64,770 USD (2026)
Cap Rate: 8.41 %
Total Expenses: $21,000 USD

Amenities

  • 24 Hour Access
  • Corner Lot
  • Courtyard
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning
Leah Erickson 815-780-7952 Coldwell Banker Commercial Real Estate Group
Leah Erickson 815-780-7952 Coldwell Banker Commercial Real Estate Group