Listed by Midwest Commercial Real Estate
$1,762,930
American Heritage Center
Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Executive Office
Square Footage 9,962
Units 4
Cap Rate 8.62%
NOI $151,993
Occupancy 100%
Tenancy Multi
Lease Type Absolute NNN
Lease Term 3
Lease Expiration 01/31/2027
Remaining Term 0.6
Price per SqFt $177
Class A
Buildings 1
Stories 2
Lot Size (SqFt) 13,752
Investment Type Stabilized
Lease Commencement 02/01/2024
Mixed Use | 8.62% CAP | 9,962 SqFt
Marketing description
• Property 100% Leased
• ±6,354 SF Main Floor Office Area
• 2nd Floor Apartments (±3,608 SF):
One 2 Bedroom/Two 1 Bedrooms
• Class A Office Build-out
• Monument Electric Signage
• Adjacent 4-way Interchange at
Cicero Ave./I-294
• 14 Parking Spaces
• Contiguous to Large Rear Lot
• ±13,752 SF Parcel
• Mixed-Use = 60% Lower Taxes
Investment highlights
Fully Leased
2025 NOI = $151,993
Listing Contacts
Listed by Midwest Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,993.00
$12,666.08/mo
Valuation Metrics
0
DSCR
8.62%
Cap Rate
8.62%
ROI
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