Hunter Lisk
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https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Strategically positioned at Exit 37 of Interstate 24 and along U.S. Highway 45 in Metropolis, Illinois, this property offers exceptional visibility and access, with an average daily traffic count of approximately 12,800 vehicles. This prime commercial location is ideally suited for a restaurant, bar and grill, or a variety of hospitality and service-oriented businesses. The property features a 3300 square-foot building, formerly operated as a Pizza Hut, situated on nearly one acre with ample parking. The interior layout is designed with approximately half the space dedicated to dining space-including a front atrium-and the remainder configured for kitchen operations. Additional amenities include a drive-thru window, walk-in cooler and freezer, oven hood and two restrooms. Located within a Tax Increment Financing (TIF) District, Business District, and Enterprise Zone, plus potential eligibility for a Business Improvement Grant and potential sales tax reimbursement through the City of Metropolis. These programs could offer significant financial benefits to the new owner. While previously utilized as a restaurant, the building and its high-traffic location provide flexibility for a wide range of commercial uses whether you're establishing a new business or expanding a current one.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1990
General Information
County: Massac
Listed By:
Farmer & Co. Real Estate
618-524-3000
MRED MLS
MLS ID: 12608218
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2047 E 5th Street, Metropolis, IL 62960.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $299,900 | $299,900 | $299,900 |
| Down Payment | $59,980 | $10,497 | $74,975 |
| Monthly Mortgage Amount | $1,477 | $1,813 | $1,853 |
| Taxes | $417 | $417 | $417 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $132 | $0 |
| Monthly Estimated Total | $1,994 | $2,462 | $2,370 |
Hunter Lisk
REALTOR®
Cell: (608) 642-2235
Licensed in IA, IL & WI
Dubuque Office
600 Star Brewery Drive
Suite 300
Dubuque, IA 52001
(563) 583-4550
Suite 300
Dubuque, IA 52001
(563) 583-4550
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