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$ 475,000
Est. payment | /mo
4,000 SqFt
$ 475,000
Est. payment | /mo
4,000 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $118
MLS Listing ID 12161544
Year Built 1959
Annual Tax Amount $7,607
Tax Year 2023
Lot Dimensions 278 X 200 X 188 X150
Property Description
FULLY LEASED INVESTMENT OR USER/INVESTOR OPPORTUNITY 2-UNIT AUTO CENTER 100% leased 2-unit automotive building with long leases thru 2029*. Pete's Paint Works & Medina Cars are both long term tenants (since 1986 and 2016). All masonry building on US Highway 12. Pete's Paint address is 9001 and Medina Cars is 9003. (*) Medina expires 2026 with an option to renew thru 2029. Original building built in 1959 with additions. New Membrane roof and overhead doors. USER/INVESTOR POTENTIAL-Auto body tenant will move out for a buyer who needs his 2800 sf space. 9.68% CAP rate. Ask broker for rent roll and operating statement. Owner is a licensed Illinois Broker.
Location
State IL
County Mchenry
Area Richmond
Zoning COMMR
Interior
Cooling Office Only, Partial
Flooring Concrete
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Holding Tank/s, Sanitary Sewer, Water-Municipal, Water to Site
Roof Type Membrane
Building
Dwelling Type Retail/Stores
Level or Stories 1
Structure Type Brick,Block
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Bruce Kaplan • Premier Commercial Realty
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