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$725,000
Est. payment /mo
8,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $90
MLS Listing ID 12326666
Year Built 1983
Annual Tax Amount $26,847
Tax Year 2023
Lot Size 0.430 Acres
Lot Dimensions 125X150
Property Sub-Type Office/Tech
Property Description
Presenting a prime investment opportunity! Strategically located at the high-traffic intersection of Joliet Rd and Brainard Ave, this property ensures maximum visibility and accessibility for tenants and visitors alike. This recently remodeled 8,000 square foot office building boasts a total lot size of 18,825 square feet, making it an exceptional commercial property. Featuring 6,350 square feet of net leasable space, this two-story office building is currently fully leased, with lease renewals in place. First floor commands $5,000 per month, and second floor commands $6,000 per month resulting in a total income of $11,000 per month. Ample parking with 18 spots, ensuring convenience for tenants and visitors. The second floor is accessible by stairs and an elevator, with accommodations for handicap access. Cap rate at 10.69%! The property's proximity to major highways and expansive shopping malls enhances its appeal to tenants. Conveniently located just minutes away from the historical La Grange and the Metra train station, this property offers easy access to transportation and amenities. With numerous recent updates, this property presents an attractive turnkey opportunity for new owners. The strategic location, strong rental income, and minimal need for additional investment make this a compelling addition to any investment portfolio. Don't miss out on the chance to acquire this income-generating property in a sought-after location. Schedule a showing today and seize this lucrative investment opportunity. Listed at or above appraisal value!
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Flooring Wood
Fireplace N
Exterior
View Y/N true
Roof Type Composition
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Listed by Ivan Zecevic • Compass