@properties Commercial
Listed by @properties, @properties Commercial
$650,000
1667-1675 E oakton Street
Details
APN 09281010040000
Property Type Retail
Sub Type Storefront, Retail/Stores
Square Footage 5,000
Units 5
Cap Rate 7.10%
NOI $46,196
Year Built 1970
Lot Size (SqFt) 9,375
Retail | 7.10% CAP | 5,000 SqFt
Marketing description
5-unit, single level brick neighborhood strip center located on the most vibrant commercial stretch in Des Plaines. Surrounded by historical local businesses and conveniently close to the 294 Highway. Ample street parking for customers and rear parking for the tenants. 4 units rented and 1 rehabbed vacancy for lease (Asking $1,500) or perfect for a building owner / operator. 3 contiguous PINs (09-28-101-004, 005, 006). Monthly income of $6,100 assumes vacant space rents for $1,500. NOI: $46,196. Op-Ex $27,004.08 = Taxes - $19,674.08, Insurance $4,756, Utilities $2,574. 7.1 CAP. NOI presented on self-managed basis. Zoned C-3 General Commercial: retail, office, service, restaurant by-right.
Listing Contacts
@properties Commercial
Listed by @properties, @properties Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,196.00
$3,849.67/mo
Valuation Metrics
0
DSCR
7.11%
Cap Rate
7.11%
ROI
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