1222 S Route 12 | Fox Lake, IL 60020
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1222 S Route 12
Fox Lake, IL 60020
Auto Service Leased Property for Sale · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Garden Center
Building Size
6,257 SF
Building Class
C
Year Built
2005
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.03 AC
Zoning
B3
Parking
44 Spaces (7.03 Spaces per 1,000 SF Leased)
Frontage
200’ on S Route 12
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
- Storage Space
- Air Conditioning
ABOUT 1222 S ROUTE 12 , FOX LAKE, IL 60020
Description A GREAT OPPORTUNITY FOR INCOME ON A PROPERTY WITH A LONG TERM LEASE WITH WELL KNOWN AUTO-SERVICE PROVIDER. ALSO A 1031 EXCHANGE OPPORTUNITY! RENT is $117,000/YEAR, GIVING NET OF $78,000 FOR $990K PRICE, THE CAP IS 7.9%. REMAINING LEASE PERIOD IS 14+ YEARS with options (OF A 25 YEAR TOTAL LEASE for ONE auto service provider.) TWO TENANTS OCCUPY THE BUILDING. The property is located on a major highway in town and adjunct to a Strip Shopping Center.
PROPERTY TAXES
| Parcel Number | 05-22-102-003 | Improvements Assessment | $233,857 |
| Land Assessment | $99,231 | Total Assessment | $333,088 |
PROPERTY TAXES
Parcel Number
05-22-102-003
Land Assessment
$99,231
Improvements Assessment
$233,857
Total Assessment
$333,088
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