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Browse More Listings in Retail For Sale, Chicago Heights, IL or Illinois

Retail Property For Sale

Fire Sale--Cash on Cash of 14%

1720 Chicago, Chicago Heights, IL 60411

Price:
$760,000
Building Size:
6,000 SF
Price/SF:
$126.67
Property Type:
Retail
Property Sub-type:
Street Retail
Property Use Type:
Vacant/Owner-User
Distressed:
Yes
Commission Split:
2%
No. Stories:
1
Year Built:
2008
Lot Size:
22,000 SF
Find Out More...

Last Verified 10/28/2009 Listing ID 16422815

Description

Fire Sale: 5 signed leases to soon occupy 5000 out of 6000 sq ft. 3 Leases are $24 triple net, two leases are $18 triple net thus bringing in gross monthly income of $9000 with opportunity to lease out or occupy other 1000Sq ft. Delay in occupancy is due to vandalism, whiich in turn requires Seller to sell now as this property is collateralized with other vacant commercial property in Chicago, and as a result the property is in default but seller still has complete control over sale as this is NOT a short sale. Call Scott directly at 312 485 9800

I 94 South to 394, exit Lincoln HIghway West to Chicago Ave, south to property.

Map of 1720 Chicago, Chicago Heights, IL 60411 (Cook County)

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Contact Listing Broker

scott foster (312) 485-9800

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Created 10/7/2009

Additional Information for 1720 Chicago Road, Chicago Heights, IL 60411

Active For Sale - 2 Listings
Active For Lease - 1 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 1720 Chicago, Chicago Heights, IL 60411

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93 Main
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Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

Street Retail
Sold 2Q 2005
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Fire Sale--Cash on Cash of 14%

1720 Chicago, Chicago Heights, IL, 60411