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In-PersonVirtual Tour
$100,000
Est. payment /mo
0.29 Acres Lot
Open House
Wed Jan 07, 12:00pm - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Aviston Original Town
MLS Listing ID 25081813
Year Built 1891
Annual Tax Amount $7,829
Lot Size 0.287 Acres
Acres 0.287
Property Description
Price listed is Starting Bid Only. Bidding starts closing 1/14/2026 @ 5 p.m. Step into a property where history, character, and income potential converge in one extraordinary opportunity. Originally built in 1891 as a cornerstone bank in beautiful Aviston, Illinois, this iconic corner-lot building still features its beautifully preserved original vault, a striking reminder of its heritage. Today, it operates as the Eagle Inn, a proven revenue generator with room to scale.
The main level hosts six private rental suites, each with its own entrance, dedicated mini split for heating and cooling, and a full private bath. Two of these suites include full kitchens, making them ideal for extended-stay guests. With strong occupancy, the suites currently produce $6,300 per month in rental income before expenses, and that figure does not account for the additional upside awaiting you. On the second floor, a spacious one-bedroom, one-and-a-half-bath apartment offers dedicated heating and cooling. Once the manager's quarters, it is served by both a freight elevator and a charming dumbwaiter, combining modern convenience with historic flair. Behind the scenes lies the property's hidden gem; several partitioned warehouse bays, partially heated and cooled, with three drive-in doors. These spaces provide remarkable flexibility, whether envisioned as vehicle storage, workshops, studios, or transformed into a bar, restaurant, or event venue. Leasing the warehouse areas separately offers a substantial, untapped revenue stream. Perfectly positioned on a prominent corner in the heart of Aviston, this property blends an abundance of charm with income production. It is an exceptional investment for owners seeking both character and profit potential, a rare opportunity where history and entrepreneurial vision meet. Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers.
The main level hosts six private rental suites, each with its own entrance, dedicated mini split for heating and cooling, and a full private bath. Two of these suites include full kitchens, making them ideal for extended-stay guests. With strong occupancy, the suites currently produce $6,300 per month in rental income before expenses, and that figure does not account for the additional upside awaiting you. On the second floor, a spacious one-bedroom, one-and-a-half-bath apartment offers dedicated heating and cooling. Once the manager's quarters, it is served by both a freight elevator and a charming dumbwaiter, combining modern convenience with historic flair. Behind the scenes lies the property's hidden gem; several partitioned warehouse bays, partially heated and cooled, with three drive-in doors. These spaces provide remarkable flexibility, whether envisioned as vehicle storage, workshops, studios, or transformed into a bar, restaurant, or event venue. Leasing the warehouse areas separately offers a substantial, untapped revenue stream. Perfectly positioned on a prominent corner in the heart of Aviston, this property blends an abundance of charm with income production. It is an exceptional investment for owners seeking both character and profit potential, a rare opportunity where history and entrepreneurial vision meet. Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers.
Location
State IL
County Clinton
Interior
Heating Forced Air, Other, Varies by Unit
Cooling Central Air, Wall/Window Unit(s)
Fireplace N
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
Building
Structure Type Other
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Auction, Listing As Is
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Listed by Adam Jokisch • Adams Auction & Real Estate Services Inc.
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