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4238 Joliet Ave 4,298 SF 100% Leased Retail Building Lyons, IL 60534 $500,000 ($116.33/SF) 10% Cap Rate
EXECUTIVE SUMMARY
The property here is mixed use building 2 commercial and 3 apartments. Property has a violation report from the city that the buyer would have to assume. Village wants escrow of $15,000 to be held till repairs are made.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,298 SF
Building Class
C
Year Built
1921
Price
$500,000
Price Per SF
$116.33
Cap Rate
10%
NOI
$50,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.70
Lot Size
0.14 AC
Parking
3 Spaces (0.7 Spaces per 1,000 SF Leased)
Frontage
83’ on Joliet Ave
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-02-214-021-0000 | Improvements Assessment | $29,613 |
| Land Assessment | $3,387 | Total Assessment | $33,000 |
PROPERTY TAXES
Parcel Number
18-02-214-021-0000
Land Assessment
$3,387
Improvements Assessment
$29,613
Total Assessment
$33,000
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4238 Joliet Ave
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