2019-2025 Main Street Rd 5,000 SF 100% Leased Retail Building Spring Grove, IL 60081 $309,000 ($61.80/SF) 6.37% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Rented
- 3 Phase Electric Available
- Newer Roof
EXECUTIVE SUMMARY
Great Investment Opportunity. 4 Units, Fully Leased Retail/Office Center located in the heart of Spring Grove. Long term tenants, Newer Roof, Newer Electric, Well Maintained Building, Separate Utilities, on City Water & Sewer. Access to High Speed Internet. 3 Phase Electric Available. Common Wash Rooms. Property Backs Up to Nippersink Creek. 6.17 Cap rate
DATA ROOM Click Here to Access
- Miscellaneous
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
C
Year Built
1953
Price
$309,000
Price Per SF
$61.80
Cap Rate
6.37%
NOI
$19,682
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Lot Size
0.22 AC
Zoning
B2
Parking
10 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
100’ on Main
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-30-105-001 | Improvements Assessment | $66,629 |
| Land Assessment | $9,825 | Total Assessment | $76,454 |
