Listed by Entre Commercial Realty LLC
$2,200,000
2449 PIERCE DR SPRING GROVE IL 60081-9707
Details
APN 04-25-400-016
Property Type Retail, Industrial
Sub Type Storefront, Flex
Square Footage 25,312
Units 5
Cap Rate 4.51%
NOI $99,125
Occupancy 100%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 9.16%
Pro-Forma NOI $201,600
Price per SqFt $87
Class B
Year Built 1996
Buildings 1
Stories 1
Lot Size (SqFt) 100,845
Zoning B2
Parking Spaces 75 spaces
Parking Per SqFt 2.96
Investment Type Value Add
Ground Lease No
Ceiling Height 18
Dock High Doors 7
Sale Condition N/A
Fully leased value add flex investment
Marketing description
For sale is a 25,200 SF flex retail/industrial building with 5 tenant spaces. Plenty of parking, large DID's, and nearby many other retailers such as Jewel, McDonalds, UHaul, Chase bank, and more.
Investment highlights
5 fully leased units with short term under market rents.
Listing Contacts
Listed by Entre Commercial Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,125.00
$8,260.42/mo
Valuation Metrics
0
DSCR
4.51%
Cap Rate
4.51%
ROI
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