Listed by Century 21 Elm, Realtors
$699,000
3421 Dempster Street
Details
APN 10232030470000
Property Type Business for Sale, Office
Sub Type Business Only, Medical Office
Square Footage 5,200
Units 1
Cap Rate 6.44%
NOI $44,728
Year Built 1961
Stories 2
Lot Size (SqFt) 7,000
Zoning COMMR
Business for Sale | 6.44% CAP | 5,200 SqFt
Marketing description
Fantastic opportunity with a proforma 11.7 CAP Rate. 4 unit retail/office building with GREAT exposure (nearly 30,000 vehicles per day) located within the east Dempster St. business corridor in Skokie! Encompassed in this 5200 sq. ft. boutique retail/office building is 3421 Dempster (one tenant) 3425 Dempster (two tenants) and 8755 Trumbull (one tenant/currently vacant). Each tenant has their own HVAC (forced air) and they are responsible for utilities. The building offers very flexible floorplans and has some additional storage too. The building has 7 off-street parking spaces and a public parking lot to the east of this building and great signage. The roof was certified and has a brand new reflective coating. NOTE: The potential for converting this building to Mixed-Use is HIGHLY likely! See financials, photos and floor plans attached.
Listing Contacts
Listed by Century 21 Elm, Realtors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,728.00
$3,727.33/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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