Ideal commercial investment or lease opportunity with high visibility. Traffic counts between 9,600 and 11,000 per day (IDOT) Modern elevator building with ample parking. LOI on file for unit B making this property fully rented with the exception of the basement which has the potential to bring additional income and already has a finished lobby, common bathrooms, and high ceilings make this space an easy build out. Well established tenants are made up of a nationally known company and there is even a federally back leased. No worries here with fly by night tenants. With a cap rate of 9.13%, this money making property would make a great start or addition to your income property portfolio. Income based on current owner doing a lease back on unit B.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $1,119,000 | $85 | Castle View Real Estate |
Elementary School W W Woodbury Elementary School | 0.2 miles away | PK - 03 | |
Elementary School Herman E Dummer | 0.3 miles away | 04 - 05 | |
Middle School Sandwich Middle School | 0.3 miles away | 06 - 08 |