704 N Addison Rd
Villa Park, IL 60181
Retail Property For Sale

Great location for this free standing building with strong tenant on 5 year lease with yearly rent increases - perfect for investor, but arrangements can be made if buyer wants to be owner occupant! Features include parking on site to accommodate 18 cars, overhead 10 X 10 door at rear of building. Very solid, brick construction. Great Investment! Parcel #0604114026 included. Property taxes for this parcel at $681.12, and measures 30 X 126 - total combined for 2 parcels is 90 X 126, adjacent on North side of building and is parking area. Rental income shown reflects year 1 only. Rent increases are as follows: Year 1 (current) $3000 per month / Year 2 $4,145 per month/ Year 3 $4,270 per month / Year 4 $4,400 per month / Year 5 $4,532 per month.