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55 N Barron Blvd 8,380 SF 100% Leased Retail Building Grayslake, IL 60030 $950,000 ($113.37/SF) 8.79% Cap Rate
EXECUTIVE SUMMARY
An attractive two unit storefront building that was completely renovated in 2005. Currently occupied by Texas Bebe's Quesobirria (restaurant) that recently expanded and renewed their lease. The other space has been a thrift store for many years, and we have a new tenant who just took over. They have years of experience in the business and just signed a 5 year lease. The thrift store is about 4,800 SF and has two overhead doors. There are two parcels, one of which is a parking lot. Located on a busy state highway in the heart of Grayslake. Great opportunity!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,380 SF
Building Class
C
Year Built/Renovated
1955/2005
Price
$950,000
Price Per SF
$113.37
Cap Rate
8.79%
NOI
$83,472
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.69 AC
Zoning
GB, Grayslake - General Business
Parking
30 Spaces (3.58 Spaces per 1,000 SF Leased)
Frontage
150’ on Barron Blvd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-26-400-018 | Improvements Assessment | $61,228 |
| Land Assessment | $111,524 | Total Assessment | $172,752 |
PROPERTY TAXES
Parcel Number
06-26-400-018
Land Assessment
$111,524
Improvements Assessment
$61,228
Total Assessment
$172,752
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55 N Barron Blvd
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