Listed by Strauss Realty
$3,400,000
1401 S Circle Avenue
Details
APN 15242050260000
Property Type Retail, Industrial
Sub Type Restaurant, Bar
Square Footage 45,000
Net Rentable (SqFt) 4,500
Units 5
NOI $261,001
Year Built 1977
Acreage 2.019
Zoning I-1 Forest Park
Parking Spaces 30 spaces
Parking per 1,000 SqFt 0.67
Ceiling Height 14’-20’
Loading Docks 2
Dock High Doors 3
Retail | 45,000 SqFt
Marketing description
Excellent user/investment opportunity in an affluent suburb! 45,000 SF industrial building on 2.019 acres in Forest Park for sale. The property features 2 docks, 3 drive-in doors, and 30 parking spaces. Ceiling heights range from 14' to 20'. Current tenants include a gymnastics center, MMA gym, baseball group, a softball travel program, and a rage room. NOI: $261K. Currently there is one 4,500 SF space vacant and available for lease. Conveniently located near I-290 and a variety of amenities such as Walmart, Costco, North Riverside Mall, and the Harlem Blue Line station. Wet sprinklers.
Investment highlights
- New NOI: $261,001
- Taxes (2024): $118,784
- 2nd Floor Office/Flex Space for Lease:
- 4,500 SF at
- $8.00 PSF
- Modified Gross
Listing Contacts
Listed by Strauss Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$261,001.00
$21,750.08/mo
Valuation Metrics
0
DSCR
7.68%
Cap Rate
7.68%
ROI
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