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811 W Cleary St 5,566 SF 100% Leased Office Building Pontiac, IL 61764 $295,000 ($53.00/SF)
Investment Highlights
- COMPLETE ADA COMPLIANCE
- NON-LOAD BEARING INTERIOR WALLS
- HANDICAP RESTROOMS
Executive Summary
This 2-sided building (809 & 811) provides a total of 4680 sq. ft. Currently, side #809 has a five-year lease that runs through 2029, generating total revenues of $100,000. #811 has 13 individual offices and a total of 4 restrooms w/ 2 being handicapped and is open for lease at $2000/mo. plus a $2000 deposit. Side #809 includes 1 handicapped restroom. Building is very well-maintained. Roof new 2021. Lessee pays all utilities with separate meters for each side. More than ample parking. Seller owns the fence and is the property line. Copy of lease agreement and survey available for Serious buyers ONLY!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$20,000
|
$3.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$20,000
|
$3.59
|
| Taxes |
$8,243
|
$1.48
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,243
|
$1.48
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $3.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $3.59 |
| Taxes | |
|---|---|
| Annual | $8,243 |
| Annual Per SF | $1.48 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $8,243 |
| Annual Per SF | $1.48 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Building Size
5,566 SF
Building Class
C
Year Built
1995
Price
$295,000
Price Per SF
$53.00
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,566 SF
Building FAR
0.40
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
Commercial - COMMERCIAL. COMPLETE ADA COMPLIANCE
Parking
9 Spaces (1.62 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- MANPOWER
- Services
- 1,426 SF
- -
- May 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| MANPOWER | Services | 1,426 SF | - | May 2026 |
1 1
Property Taxes
| Parcel Number | 15-15-22-104-038 | Total Assessment | $89,159 |
| Land Assessment | $9,986 | Annual Taxes | $8,243 ($1.48/SF) |
| Improvements Assessment | $79,173 | Tax Year | 2024 |
Property Taxes
Parcel Number
15-15-22-104-038
Land Assessment
$9,986
Improvements Assessment
$79,173
Total Assessment
$89,159
Annual Taxes
$8,243 ($1.48/SF)
Tax Year
2024
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Joan Bullard Realty, Inc.
811 W Cleary St
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