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Seller will lease back, 713 N Monroe St 5,760 SF Retail Building Abingdon, IL 61410 $350,000 ($60.76/SF)
Investment Highlights
- Napa Auto Store wants lease back for 5- 10 years.Paying $3,000.00 per month (NNN)
- Located on Main St. as you arrive in Abingdon on Hwy.41 from Galesburg, Illinois
- 24 Mini Storage Bukding is included currently receiving $1,200.00 Monthly ( rents have not been raised for several years.
Executive Summary
The seller is offering a leaseback for the store: an initial 5-year lease at $3,200 per month, with the potential of two additional 5-year renewal options. The lessee will pay 50% of the property taxes, all utilities, and routine HVAC and plumbing maintenance. The landlord will be responsible for replacing the HVAC, roof, building, and parking lot. In addition, the mini storage generates approximately $1,200 per month in income.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,760 SF
Building Class
C
Year Built
1973
Price
$350,000
Price Per SF
$60.76
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.60 AC
Zoning
Commercial
Amenities
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 13-33-155-021 | Total Assessment | $58,010 |
| Land Assessment | $20,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $37,810 | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
13-33-155-021
Land Assessment
$20,200
Improvements Assessment
$37,810
Total Assessment
$58,010
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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Contact the Sale Advisor
Seller will lease back, | 713 N Monroe St