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111 S Lake St 16,972 SF Industrial Building Montgomery, IL 60538 $1,995,000 ($117.55/SF)
INVESTMENT HIGHLIGHTS
- Multi-use Building & Property....
- Excellent visibility with 19,500 VPD...
- Possible rail siding...
- Commercial zoning - B-3....
- Close to I'88 Tollway and Routes 25, 31, 34, 47 & 52...
- Motivated Sellers!!!...
EXECUTIVE SUMMARY
This is a multi-use property that has been completely updated with professional office suites, large tiered warehouse, large commercial leased kitchen inside/outside open and enclosed storage areas and heavy power. Located in the business friendly Village of Montgomery on and close to major highways, government offices, transportation center and around this location.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$15,558
|
$0.92
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$15,558
|
$0.92
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $15,558 |
| Annual Per SF | $0.92 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $15,558 |
| Annual Per SF | $0.92 |
PROPERTY FACTS
| Price | $1,995,000 | Rentable Building Area | 16,972 SF |
| Price Per SF | $117.55 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1975/2009 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Service | Parking Ratio | 2.71/1,000 SF |
| Building Class | B | Clear Ceiling Height | 18’ |
| Lot Size | 2.14 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | B-3 - Commercial | ||
| Price | $1,995,000 |
| Price Per SF | $117.55 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Lot Size | 2.14 AC |
| Rentable Building Area | 16,972 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1975/2009 |
| Tenancy | Single |
| Parking Ratio | 2.71/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | B-3 - Commercial |
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Mezzanine
- Security System
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
UTILITIES
- Lighting - Incandescent
- Gas - Natural
- Water - City
- Sewer
- Heating - Gas
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Thyme 2 Eat Catering Llc
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Thyme 2 Eat Catering Llc | Accommodation and Food Services | - | - | - |
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PROPERTY TAXES
| Parcel Number | 15-32-402-008 | Total Assessment | $223,818 |
| Land Assessment | $87,339 | Annual Taxes | $15,558 ($0.92/SF) |
| Improvements Assessment | $136,479 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
15-32-402-008
Land Assessment
$87,339
Improvements Assessment
$136,479
Total Assessment
$223,818
Annual Taxes
$15,558 ($0.92/SF)
Tax Year
2024 Payable 2025
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Tri-County Property Management & Sales LLC
111 S Lake St
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