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Faw Affordable Homes, Inc 922 N Route 49 2,400 SF Retail Building Casey, IL 62420 $325,000 ($135.42/SF) 10.77% Cap Rate
INVESTMENT HIGHLIGHTS
- excessive road traffic on Rt 49 and I 70
- Location, Location, Location
EXECUTIVE SUMMARY
Prime 2 acre location directly off exit 129 on I 70 on Illinois route 49 in Casey Illinois. The tourist town known as "BIG THINGS SMALL TOWN". Location is directly under the city water tower. Existing building 30x80. 30x40 with 3 offices, 1 1/2 baths, full kitchen, laundry room and a 30x40 heated shop with 2 overhead doors. Large gravel lot big enough for semi deliveries. Has been a car lot, semi truck sales lot and most recently a modular home dealership. Great location for a sales lot or prime for a fast food/ restaurant type operation
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1998
Price
$325,000
Price Per SF
$135.42
Cap Rate
10.77%
NOI
$35,000
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.03
Lot Size
2.00 AC
Zoning
C - Commercial District
Parking
28 Spaces (11.67 Spaces per 1,000 SF Leased)
Frontage
254’ on Route 49
AMENITIES
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-11-17-00-300-055 | Improvements Assessment | $37,782 |
| Land Assessment | $65,043 | Total Assessment | $102,825 |
PROPERTY TAXES
Parcel Number
03-11-17-00-300-055
Land Assessment
$65,043
Improvements Assessment
$37,782
Total Assessment
$102,825
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Faw Affordable Homes, Inc.
Faw Affordable Homes, Inc | 922 N Route 49
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