208 N Park St, Streator, IL 61364

208 North Park Street Streator, IL 61364

208 North Park Street, Streator, IL, 61364
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FOR SALE
Property Type:
Other Hospitality
Amount:
$325,000
Last Verified:
Sep 21, 2024

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Description

Don't miss your chance to own 8,219 Sqft of prime mixed use commercial on .68 acres in the heart of down town Streator. So much could be done with this great space. As soon as you walk in the grand foyer you will be delighted with all the rich character. From the curved staircase, built in murals, original woodwork, glasswork, chandeliers, working transoms and hardware through out to the 3 decorative fireplaces there is an elegant timeless charm. Talk about space just the Great Hall alone is over 1700sqft. It can be divided into 2 separate rooms. Dividers slide back in to its own storage rooms. Larger side currently has a dance floor and a sound booth. Property Features a East Parlor (370 Sqft), North Hall (250 Sqft), West Hall ( 190 Sqft), Drawing room (200sqft), a kitchen/breakroom (350 sqft), laundry work room (170 sqft), 3 - 1st floor half baths 2 of which are handicap accessible. 1st floor has back handicap ramp. 2 freight elevators. 25 x 25 garage. 2nd Floor - Show Room that is currently set up as a photography's studio ( 700 sqft), sitting room ( 100 sqft), another parlor ( currently being used as a bedroom (220 sqft), grand room ( currently being used as a living room/dining room (500 Sqft), full bath, full kitchen, office/study with balcony ( 130 sqft) 3rd floor walk up attic (1080 sqft) which is partially finished. There is even a full basement. Zone heating and cooling. Duralast roof over the Grand Hall. Plenty of parking and walking traffic. Property includes the large concrete parking lot to the North that runs from Park St to the alley behind Jackpots and the large open yard on the South that runs to the Elks Lodge. Located directly across from the Park this beauty has been long standing part of Streator's rich history. Built in the turn of the century it was home to many prominent Streator residents such as: 1898 - William Crane - former secretary and later President/General Manager of American Bottle Co.;1907 - P.J. Lucey - City Attorney, a 3 term Mayor and Attorney General; 1914 - Julius Nagel - Manager of the Blatz Brewing Co.; 1916 - Mary Whalen - Beloved resident that it has been told used to recount her attendance of the Lincoln Douglas Debate in Ottawa in 1858 ; 1929 - Frank Beedle - Owner of Beedle Ice Cream Parlor and Hotel on Bloomington St; 1937 - Jas Flavell; 1939 Henry Thompson - Mechanic at Myer Sherman Co ( which is now Vactor); 1940 - Elias Funeral home until 2020. Even where Great Hall currently stand was the location of former Aimes home. Thanks, to the Streatorland Museum ( conveniently located next door), Streator Public Library and the LaSalle County Historical Society in Utica for the help researching the history. **Property is occupied. Do not go to property with out an agent and with out an appointment**

Downtown Commercial District


Year Built: 1890
Building Size: 8219sq ft
Lot Size: 0.68 acres

Map of 208 North Park Street, Streator, IL, 61364

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.