Listed by Baird & Warner Glenview
$649,000
400 Lake Street
Details
APN 15111360100000
Property Type Retail
Sub Type Storefront, Retail/Stores
Units 2
Cap Rate 6.40%
NOI $61,317
Year Built 1980
Lot Size (SqFt) 13,375
Zoning COMMR
Retail | 6.40% CAP
Marketing description
Fantastic opportunity and priced to sell! This commercial property contains 4 units which are occupied by 2 businesses, a local taqueria and laundromat. Both businesses have been remodeled recently and have leases for 15 years (laundromat) and 10 years (taqueria). Located in a great area that gets lots of people and traffic. This is an amazing property to own and get passive income!
Listing Contacts
Listed by Baird & Warner Glenview
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,317.00
$5,109.75/mo
Valuation Metrics
0
DSCR
9.45%
Cap Rate
9.45%
ROI
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