Description

Are you looking for a turnkey investment? Look no further than 205 Sandra Avenue in Mendota, IL. The subject property sits on a 3.32-acre parcel with 14 buildings totaling 56 units. It has 49, 711 sq. ft. of multi-family buildings and is located at the southeast corner of Schwan Drive and Sandra Avenue. The 56 units in the 14 buildings include one-, two-, and three-bedroom apartments. They are divided into 12 one-bedroom apartments, 18 two-bedroom apartments, and 26 three-bedroom apartments. The neighborhood is in the southwest portion of Mendota, IL. Mendota, located in the Northwest portion of LaSalle County along IL Routes 251, 34, and 52, is a mature community between Rochelle to the north, Peru to the south, Princeton to the west, and Earlville to the east. Although the town itself is well-developed, the surrounding areas are agricultural. The land used within the subject neighborhood, including the immediate area surrounding the subject site, consists of a mixture of residential and industrial areas. The neighborhood's outlook is stable, with moderate improvements over the next few years. As a result, the demand for development should maintain moderate growth in the foreseeable future.

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Listed by: Karen Kramford