Listed by KW Commercial / Sims Commercial Real Estate Inc., Keller Williams Experience
$984,000
2124 E MORTON AVE JACKSONVILLE IL 62650
Details
APN 09-22-300-036
Property Type Retail, Land
Sub Type Commercial, Business and Building
Square Footage 2,000
Net Rentable (SqFt) 2,000
Units 2
Cap Rate 15.00%
NOI $147,595
Occupancy 100%
Lease Type Gross
Lease Term 5
Lease Expiration 12/31/2028
Rent Bumps No
Pro-Forma Cap Rate 16.26%
Pro-Forma NOI $160,000
Price per SqFt $492
Class B
Year Built 2023
Buildings 1
Acreage 1.500
Zoning Commercial, Retail, County
Lease Commencement 05/01/2023
Ground Lease No
Ownership Single Tenancy
Business and Multi-Tenant building for sale
Marketing description
- Business and building package deal
- Instant Cash Flow
- Dual tenant building
- Building Built 2023
- Land • 1.509 Acres
- 15% Cap Rate!!!!!!!!!
Investment highlights
So you wanna own a Casino? This is a great opportunity to walk into an existing business with instant cash flow, additional rental income located in a 3-year old building on 1.5 acres.
NO SITE VISITIS WITHOUT A CONFIRMED APPOINTMENT. DO NOT DISTURB OPERATING BUSINESSES.
Call Listing Brokers for qualification requirements. Confidential information will be tendered under contract due diligence period only.
Listing Contacts
Listed by KW Commercial / Sims Commercial Real Estate Inc., Keller Williams Experience
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$147,595.00
$12,299.58/mo
Valuation Metrics
0
DSCR
15%
Cap Rate
15%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?
