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3130 Sheeler 3130 Sheeler Ave 12,000 SF 100% Leased Industrial Building Waukegan, IL 60085 $1,250,000 ($104.17/SF) 7.68% Cap Rate
Executive Summary
8 unit Multi-tenant flex building for sale. Prime location just south of Grand Ave. and Green Bay Road intersection. Over 25k vehicles per day. Flexible B-3 zoning allowing various commercial uses. Fully leased property with below market rents and short term leases for flexibility to have owner occupied units or the ability to adjust units to more favorable market rents. 14 foot clear heights. 12' drive in doors. Extremely well maintained concrete and stucco building with a 2nd floor residential rental unit. Oversized and private residence with 2 beds and 1 bath, large deck, in unit laundry, and tons of extra space.
Property Facts
| Price | $1,250,000 | Lot Size | 0.51 AC |
| Price Per SF | $104.17 | Rentable Building Area | 12,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 7.68% | Year Built/Renovated | 1964/2009 |
| Sale Condition | 1031 Exchange | Clear Ceiling Height | 14’2” |
| Property Type | Industrial | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | ||
| Zoning | B-3 - B-3 in Waukegan | ||
| Price | $1,250,000 |
| Price Per SF | $104.17 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.68% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.51 AC |
| Rentable Building Area | 12,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2009 |
| Clear Ceiling Height | 14’2” |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | B-3 - B-3 in Waukegan |
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-19-103-009 | Improvements Assessment | $0 |
| Land Assessment | $24,045 | Total Assessment | $24,045 |
Property Taxes
Parcel Number
08-19-103-009
Land Assessment
$24,045
Improvements Assessment
$0
Total Assessment
$24,045
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3130 Sheeler | 3130 Sheeler Ave
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