This Office Property is Off-Market.

1022 High Street
Carlinville, IL 62626 ·

5,605 SF · Office For Sale

N/A

Print

DCFS

Price N/A No. Stories 1
Building Size 5,605 SF Building Class B
Property Type Office Tenancy Single
Property Sub-type Institutional/Governmental Year Built 1995
Property Use Type Investment Lot Size 66,956 SF
Cap Rate 11% Parking Ratio 30 / 1,000 SF
Occupancy 100%
Listing ID: 13853290 Date Created: 02/06/2004 Last Updated: 05/03/2004

Description

This offering represents an opportunity for the investor to purchase a single tenant, well built and well maintained; office building located in Carlinville, Illinois, South of Bloomington in Macoupin County. The property is located in a business setting off busy I-4. The single-story office building comprises of 5,605 square feet of rentable area. This building was a build to suit for DCFS, in 1995. They are the original tenant, lease commencing November 1, 1995. They have renewed once for an additional 5 years. There are 30 parking spaces for this free-standing office building. This property is listed at $455,000, which is equivalent to $81.18 per square foot. The going-in capitalization rate is 11.0%. The experienced investor will recognized that he is purchasing this property with a strong credit tenant. The purchaser will have the opportunity to place new debt on the property affording an initial leveraged return on cash invested of approximately 18.6%.

With a population of nearly 7,000 people in the greater Carlinville area, they are unique among towns their size. They enjoy a large historic district, the center of which is the town square. Still the focal point of community activity, the sq. is known for its historic buildings, beautiful gazebo and open air summer concerts. Visible above the building tops is the great dome of the Macoupin County Courthouse, once the largest county courthouse in the country.

Carlinville is more than historic buildings, it's also a cultural center, with excellent educational institutions, leading industry, and entertainment.

It is also the only IL community in Norman Crampton's book, "The 100 Best Small Towns in America."

Highlights

  • Single Story Office Building
  • Expansion Land
  • Great Location with I-4 Frontage (Broad St)
  • Abundant Parking
  • Government Credit
  • Build to Suit for DCFS in 1995

Research

1022 High Street, Carlinville, IL 62626 (Macoupin County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Carlinville Market Trends - Asking price index trends, sale price trends, asking rent trends

Tammy Saia's Other Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)