Property Attributes
- MLS#11951748
- TypeCommercial
- CountyDE KALB
- CitySandwich
- AreaSandwich
- Zip60548
- StyleCommercial
- Year Built2006
- Taxes$ 25381
- Price$ 1,119,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage13159
- Lot Size0.572888 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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.
Price History | |
---|---|
12/27/2023 | Listed $1,119,000 |
General Features
Cooling | Central Air |
---|---|
Possession | Closing,Tenant's Rights |
Roof | Composition |
Construction Materials | Wood Frame |
Year Built | 2006 |
Electric | Circuit Breakers |
Tenant Pays | Varies by Tenant |
Stories | 2 |
Township | Sandwich |
Tax Year | 2022 |
Current Use | Commercial |
Gross Income | 154440 |
County | De Kalb |
Net Operating Income | 102192 |
Operating Expense | 52248 |
Insurance Expense | 4717 |
Property Type | Commercial Sale |
Status | Active |
Directions | Rt,34 (Church St) Sandwich |
City | Sandwich |
Total Units | 8 |
MLS Area | Sandwich |
Lot Size Square Feet | 24955 |
Street Name | Church |
Tax Annual Amount | 25381 |
Electric Expense | 3733 |
Fuel Expense | 1431 |
Trash Expense | 1833 |
Water Sewer Expense | 4212 |
Additional Parcels Y/N | No |
Leasable Area | 3054 |
Days on Market | 44 |
Lease Type | N/A |
Standard Status | Active |
Property Type | Retail/Stores |
Interior Features
Flooring | Carpet,Concrete,Other |
---|---|
Street Suffix | Street |
Exterior Features
Foundation Details | Concrete Perimeter |
---|---|
Building Area Total | 13159 |
Lot Dimensions | 217 X 115 |
Frontage Type | State Road |
Exterior | Stucco,Stone |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool