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$ 650,000
Est. payment | /mo
5,000 SqFt
$ 650,000
Est. payment | /mo
5,000 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $130
MLS Listing ID 12636166
Year Built 1970
Annual Tax Amount $19,674
Tax Year 2024
Lot Dimensions 75 X 125
Property Sub-Type Retail/Stores
Property Description
5-unit, single level brick neighborhood strip center located on the most vibrant commercial stretch in Des Plaines. Surrounded by historical local businesses and conveniently close to the 294 Highway. Ample street parking for customers and rear parking for the tenants. 4 units rented and 1 rehabbed vacancy for lease (Asking $1,500) or perfect for a building owner / operator. 3 contiguous PINs (09-28-101-004, 005, 006). Monthly income of $6,100 assumes vacant space rents for $1,500. NOI: $46,196. Op-Ex $27,004.08 = Taxes - $19,674.08, Insurance $4,756, Utilities $2,574. 7.1 CAP. NOI presented on self-managed basis. Zoned C-3 General Commercial: retail, office, service, restaurant by-right.
Location
State IL
County Cook
Area Des Plaines
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
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Listed by Nicole Hurt of @properties Christie's International Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "