Situated on a corner lot, this five-unit mixed-use property offers stable, long-term income with additional on-site laundry revenue and upside potential through modest rent increases. The building includes Toulon Tap, a well-known local bar, as one of the units—contributing to consistent foot traffic and a strong community presence. Tenancies are long-term and stable, making this a solid, low-turnover asset for an investor seeking dependable cash flow in a low-competition market. Behind the property is a centrally located public park with playground equipment and a basketball court, placing the building within walking distance of key town amenities. The surrounding area provides a small-town atmosphere supported by nearby farmland, while remaining just 18 minutes from Kewanee, IL. Local amenities include a Dollar General, city hall, historical society, medical clinic, and access to the Rock Island Trail for hiking and biking. The property is located within the Stark County School District and benefits from regular township activities and annual events such as Old Settlers Days. Finished basement could be used for additional income stream! Property walkthroughs can be scheduled during the inspection period. Do not disturb tenants. Selling at a 9% cap with upside potential! Make an offer!
Listing information is provided by RMLS Alliance LLC courtesy of eXp Realty, Raul Rodriguez, as of 12/28/2025 14:15pm exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
