1107 W Ferdon St | Litchfield, IL 62056
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- LoopNet Team
1107 W Ferdon St
Litchfield, IL 62056
SOCIAL SECURITY ADMINISTRATION · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Dedicated Tenant– committed to paying ±$375k in Tenant Improvements that will be paid back in a lump sum to current owners after the completion date
- Valuable Asset– Highest cap rated Social Security building on market currently.
- Tenant has a Firm Lease Date Expiration - Ends 6/30/2027, meaning that the tenant has the ability to terminate the lease with a 120 day notice
- Underserved Market– Only SSA building in Montgomery County, with the next closest Social Security office being 44.3 miles away in Alton, IL
- Potential Value Add – Opportunity to cut costs as the operating ratio is over 46%, well above market standards.
- Tenant pays for all taxes over the Base Year, which was established in 2023, as it’s the first full calendar year.
PROPERTY FACTS
Property Type
Retail
Building Size
4,300 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.44 AC
Zoning
C - Commercial
Parking
17 Spaces (3.95 Spaces per 1,000 SF Leased)
Frontage
100’ on W Ferdon
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 10-32-252-018 | Improvements Assessment | $186,470 |
| Land Assessment | $18,770 | Total Assessment | $205,240 |
PROPERTY TAXES
Parcel Number
10-32-252-018
Land Assessment
$18,770
Improvements Assessment
$186,470
Total Assessment
$205,240
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