$905,000
$1,100,000
17.7%For more information regarding the value of a property, please contact us for a free consultation.
21,000 SqFt
SOLD DATE : 09/17/2021
Key Details
Sold Price $905,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $43
MLS Listing ID 09708875
Sold Date 09/17/21
Year Built 1992
Annual Tax Amount $51,582
Tax Year 2018
Lot Dimensions 259X429
Property Sub-Type Retail/Stores
Property Description
HUGE PRICE REDUCTION!!! HIGHLY MOTIVATED SELLERS!!! EXCELLENT INVESTMENT OPPORTUNITY. HIGH VISIBILITY AND HIGH TRAFFIC COUNT WITH 405' OF FRONTAGE ON BUSY RT 83. BUILDING HAS 7 RENTABLE STORE FRONTS AND A 10% CAP RATE WHEN 100% OCCUPIED CURRENTLY 80% OCCUPIED. THERE IS ADDITIONAL SHOP SPACE WITH 12' CEILINGS AND 3 10X10 OVERHEAD DOORS. THERE ARE ALSO 2 RENTABLE OFFICES ABOVE THE SHOP AREA. LOTS OF POTENTIAL TO GENERATE MORE INCOME. LONG LEASES INTACT FOR CURRENT TENANTS. POTENTIAL FOR OWNER FINANCING.
Location
State IL
County Lake
Area Lake Villa / Lindenhurst
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
Roof Type Composition
Building
Level or Stories 1
Structure Type Brick,Wood Frame
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Bryan Shaughnessy • Realty World Tiffany R.E.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "