$1,750,000
$1,795,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
11,771 SqFt
SOLD DATE : 08/31/2023
Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 11,771 sqft
Price per Sqft $148
MLS Listing ID 11751741
Sold Date 08/31/23
Year Built 2002
Annual Tax Amount $31,330
Tax Year 2021
Lot Dimensions 220X260
Property Sub-Type Retail/Stores
Property Description
This excellent property boasts a fantastic retail strip center, featuring 11,772 square feet of premium retail space, with four units. With an impressive annual gross income of $180,810, investors can expect significant returns from the property's excellent cap rate of 8.6%. Conveniently located on N Division St, the property enjoys high-visibility and is surrounded by a wide range of commercial and residential properties, making it a top choice for retailers and investors alike. This property presents a fantastic opportunity for investors seeking reliable income streams and profitable investment returns. The superb location, impressive income, and exceptional cap rate of 8.04% are just some of the features that make this Morris-based retail strip center an outstanding investment option.
Location
State IL
County Grundy
Area Morris
Interior
Cooling Central Individual
Fireplace N
Building
Level or Stories 1
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Bought with Joan Eslinger • Advantage Realty, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "