Peg Hopkins
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
A RARE OPPORTUNITY TO OWN A PIECE OF DOWNTOWN HISTORY Step back in time with this breathtaking commercial and residential portfolio in the heart of Tuscola. Spanning 2850 Sq Ft of commercial space one the main level and 2850 of residential space above, this property is a masterclass in turn-of-the-century character, meticulously maintained for the next generation of ownership. As the anchor of the portfolio, 101 W Sale is the home of the legendary Flesor's Candy Kitchen. Dazzle your senses with original mosaic tile flooring, rich mahogany trim, and historic built-in booths lit by lanterns that could tell a century of stories. The centerpiece is a pristine marble soda fountain and ice cream bar complete with antique wooden stools. Includes three wooden display cases and a unique historic teller booth. The sale is turn-key, including all restaurant equipment for the cafe. The upper level features a nearly finished 1,425 sq ft apartment (just needs a kitchen!) plus an additional 1,425 sq ft unfinished blank canvas ready to be converted into high-end loft rentals. While the facade maintains its historic soul, it now boasts modern structural integrity thanks to significant renovations to the front of the building and masonry in 2024. This property is not just a landmark; it is a stabilized, well-maintained asset built to last for decades to come.
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1871
General Information
County: Douglas
Listed By:
Hillard Agency- Tuscola
217-253-2388
MRED MLS
MLS ID: 12617699
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101 W Sale Street, Tuscola, IL 61953.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $400,000 | $400,000 | $400,000 |
| Down Payment | $80,000 | $14,000 | $100,000 |
| Monthly Mortgage Amount | $1,893 | $2,355 | $2,431 |
| Taxes | $557 | $557 | $557 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $176 | $0 |
| Monthly Estimated Total | $2,567 | $3,205 | $3,105 |
Peg Hopkins
REALTOR®
Office: (563) 441-5005
Cell: (563) 529-1764
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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