Remarks

This prominent log building has exceptional location on the corner of US Hwy 20 & Hwy 78 in Stockton. truly, the "Gateway to Jo Daviess County." The traffic count runs nearly 7,000 vehicles per day providing great exposure and easy accessibility. The building was constructed as a model log home and features a show case of log styles within the building. The main level boasts a spacious great room with cathedral ceilings and floor to ceiling, stone-faced wood burning fireplace adorned by custom designed windows. A full kitchen complete with appliances and two half baths. Each wing of the building has substantially sized rooms and can offer a variety of uses whether it is office space or a show room-the options are endless. The Eastern portion of the building was designed as a garage and could be converted back to provide attached parking and also feature in-floor heat. A striking log staircase leads to a loft area and additional room with full bathroom. The structure has approximately 3,216 sq ft on main level and another 700 sq ft on upper level. The 3/4 basement is unfinished. A concrete driveway and parking lot offers an abundance of parking spaces. Property is serviced by septic and shared well. There are unique opportunities available to this property including being located within Stockton's TIF district, as well as an Opportunity Zone. These features provide the opportunity to gain funding for acquisition, improvements (and more), as well as the rare ability to utilize tax forgiveness making it a great spot for 1031 dollars. The property is being offered on 1.25 acre lot with the potential for additional 2.75 acres available. One owner is a Licensed Broker.

Details

MLS#: 202406721
Price: $499,900

Style: Commercial

County: Jo Daviess County
Tax Fee: 11720