Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1973
Sq.Footage
70,043
BACK ON THE MARKET!! 1031 fell through. This 6.72% CAP portfolio consists of six buildings and three warehouses across 3 acres and comprises of over 24,000 SQ FT of AC and over 45,000 SQ FT of non-AC warehousing. Flexible IL zoning allows many variables for this income producing opportunity. A strong demand for industrial producing income properties makes this real estate only sale most attractive. A diverse sector mix of the five current tenants represent below current market lease rates with value and income appreciation for the future. The property has undergone extensive renovation investment including new roof and AC on one building and full maintenance on the others. There are no outstanding repairs or maintenance due since the 2017 renovation investment. There are 124 parking spots, a 3000+ SF workshop, a 5600+ SF showroom and another upper show room consisting of an additional 5700 SF plus a large open mezzanine. All buildings are metal frame construction, except 4607 Fowler which is poured concrete construction including the second floor.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
3.0
-
Property Type
Commercial Sale
-
Property Sub Type
Industrial
Price
-
Sales Price
$7,990,000
-
Tax Amount
58946.5
-
Zoning
IL
-
Sq. Footage
70, 043
-
Price/SqFt
$114
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
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Location
County
Lee
Elementary School
Middle School
High School
Listing Courtesy of David Jennings , Alliance Realty Group
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Agent | Realtor®
Julia McCabe
Call Julia today to schedule a private showing.
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None Beds
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