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9001-9003 US Highway 12 4,000 SF Retail Building Richmond, IL 60071 $435,000 ($108.75/SF) 10.51% Cap Rate
Investment Highlights
- Price Reduced 10.50% Cap Rate
- Owner / User Investment Opportunity
Executive Summary
AUTOMOTIVE USER/INVESTOR BUILDING
4,000 SF BUILDING
2,800 SF AVAILABLE
w/ Long Term Tenant in Adjacent 1,200 SF
2,800 SF space available, with income from long term tenant in adjacent 1,200 SF section of this 4,000 SF 2-unit masonry automotive building for sale on .9 acre on US Hwy 12.
Current tenant (Pete’s Paint Works) in 2,800 SF does auto body work, has a lease but wants to retire. Other tenant, (Medina Cars) sells used cars and has a lease through 2026 with option to renew thru 2029, that he expects to exercise.
Original building built in 1959 with additions, newer membrane roof, 6 overhead doors and new parking lot in 2023.
Ideal user/investor property where you can occupy 2,800 SF and rent out the 1,200 SF. Ask broker for rent roll and operating statement. Owner is a licensed Illinois Broker.
4,000 SF BUILDING
2,800 SF AVAILABLE
w/ Long Term Tenant in Adjacent 1,200 SF
2,800 SF space available, with income from long term tenant in adjacent 1,200 SF section of this 4,000 SF 2-unit masonry automotive building for sale on .9 acre on US Hwy 12.
Current tenant (Pete’s Paint Works) in 2,800 SF does auto body work, has a lease but wants to retire. Other tenant, (Medina Cars) sells used cars and has a lease through 2026 with option to renew thru 2029, that he expects to exercise.
Original building built in 1959 with additions, newer membrane roof, 6 overhead doors and new parking lot in 2023.
Ideal user/investor property where you can occupy 2,800 SF and rent out the 1,200 SF. Ask broker for rent roll and operating statement. Owner is a licensed Illinois Broker.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) 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
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built
1959
Price
$435,000
Price Per SF
$108.75
Cap Rate
10.51%
NOI
$45,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.90 AC
Zoning
GB - General Business
Parking
50 Spaces (12.5 Spaces per 1,000 SF Leased)
Frontage
112’ on U.S. 12
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 04-21-100-011 | Total Assessment | $96,068 (2024) |
| Land Assessment | $31,769 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $64,299 (2024) | Tax Year | 2023 |
Property Taxes
Parcel Number
04-21-100-011
Land Assessment
$31,769 (2024)
Improvements Assessment
$64,299 (2024)
Total Assessment
$96,068 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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9001-9003 US Highway 12
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