Re/Max 10
RE/MAX 10
Listed by Re/Max 10, RE/MAX 10
$575,000
1274 Main Street
Details
APN 2315093080160000
Property Type Office, Retail
Sub Type Traditional Office, Storefront
Units 2
NOI $60,000
Year Built 1988
Acreage 0.500
Zoning COMMR
Office
Marketing description
OPPORTUNITY TO PURCHASE FANTASTIC COMMERICAL SITE, currently leased to thriving preschool/childcare business! ~ 4685 SF BUILDING, PARKING LOT, EQUIPPED & FENCED PLAYGROUND, and HUGE GATED DECK AREA ~ Custom built BRICK & MASONRY building with 2 large areas (classrooms), COMMERCIAL KITCHEN, OFFICE, and 4 WASHROOMS ~ Additional 500 SF OF STORAGE in partial walkout basement ~ Property's current build-out is minimal, making REPURPOSING FOR OTHER BUSINESS NEEDS UNCOMPLICATED ~ BUILDING CAN EASILY BE DIVIDED into 2 units, each with washrooms & 2 entrances ~ Has been home to SUCCESSFUL CHILDCARE BUSINESSES FOR 37 YEARS with robust customer base in Crete & surrounding communities of Steger, Monee, Beecher, & nearby Indiana ~ REAL ESTATE & PLAYGROUND EQUIPMENT ONLY included in sale, childcare & kitchen equipment inside building is excluded ~ THIS IS A SOLID COMMERCIAL PROPERTY!
Listing Contacts
Re/Max 10
RE/MAX 10
Listed by Re/Max 10, RE/MAX 10
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
10.43%
Cap Rate
10.43%
ROI
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Tax History
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