Listed by Berkshire Hathaway HomeServices Starck Real Estate Crystal Lake
$295,000
2019-2025 Main Street Road
Details
APN 05-30-105-001
Property Type Office, Retail
Sub Type Traditional Office, Creative Office
Square Footage 3,615
Units 4
Cap Rate 5.93%
NOI $17,506
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Broker Co-Op Yes
Year Built 1951
Year Renovated 2012
Buildings 1
Stories 1
Lot Size (SqFt) 10,361
Zoning Office/Retail
Parking Spaces 12 spaces
Parking per 1,000 SqFt 3.32
Investment Type Owner/User
Ground Lease No
Sale Condition N/A
Office/Retail Building
Marketing description
Prime Investment Opportunity in Spring Grove! This well-kept 4-unit retail/office center is fully leased and ideally located in the heart of town. Features include long-term tenants, a newer roof and electrical system, and separate utilities for each unit. The property is on city water and sewer, offers access to high-speed internet, and has 3-phase electric available. Tenants and customers also enjoy common restrooms, and the building backs up to the scenic Nippersink Creek with a patio to sit and unwind when taking a break. Current leases are below market rates.
Investment highlights
100% Occupancy
3% increase yearly
New Roof - 2016
Roof Coated - 2023
Newer Electric
Remodeled 2012
Downtown Spring Grove location
Listing Contacts
Listed by Berkshire Hathaway HomeServices Starck Real Estate Crystal Lake
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$17,506.00
$1,458.83/mo
Valuation Metrics
0
DSCR
5.93%
Cap Rate
5.93%
ROI
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