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7N024-7N040 Medinah Rd 9,203 SF Office Building Medinah, IL 60157 $3,200,000 ($347.71/SF) 4.62% Cap Rate
INVESTMENT HIGHLIGHTS
- STORE FRONT LOCATION
- HIGH TRAFFIC AREA
- OPEN FLOOR PLAN WITH EXPOSED BRICK AND CEILINGS
EXECUTIVE SUMMARY
GREAT COMMERCIAL OFFICE BUILDING WITH EXCELLENT CORNER LOCATION! WOULD BE A GREAT SPACE FOR A BEAUTY SALON, NAIL SALON, OFFICE SPACE, SMALL MEDICAL OFFICE, OFFICE SPACE FOR A BUSINESS, LIQUOR STORE, PET GROOMING- ALL LICENSING MUST BE DONE THROUGH DUPAGE COUNTY-THE LARGER MAIN AREA IS 255X580, THE ADJOINING SMALLER SPACE IS 193X370. THESE SPACES ARE CONNECTED BY AN OPENING HOWEVER A DOOR COULD BE ADDED- 1 BATHROOM IN UNIT-RECENT UPDATES IN 2021-2022 INCLUDE FURNACE, AC, ELECTRICAL, BATHROOM & FLOORING
DATA ROOM Click Here to Access
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
9,203 SF
Building Class
B
Year Built
1967
Price
$3,200,000
Price Per SF
$347.71
Cap Rate
4.62%
NOI
$148,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,203 SF
Building FAR
0.24
Lot Size
0.87 AC
Zoning
B-1
Parking
32 Spaces (3.48 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Controlled Access
- Fenced Lot
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $329,650 | |
| Land Assessment | $187,984 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $141,666 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$187,984
Improvements Assessment
$141,666
Total Assessment
$329,650
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
BenClaire, LLC
7N024-7N040 Medinah Rd
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