Listed by Todd P Smith Real Estate Inc
$1,700,000
509 -511 W Capitol Ave.
Details
APN 14-33.0-206-018
Property Type Office
Sub Type Traditional Office
Square Footage 43,000
Net Rentable (SqFt) 43,000
Cap Rate 21.4%
NOI $363,854
Occupancy 100%
Tenancy Single
Lease Type Modified
Pro-Forma Cap Rate 21.4%
Pro-Forma NOI $363,854
Price per SqFt $40
Class B
Buildings 1
Stories 3
Lot Size (SqFt) 41,165
Zoning R-5
3 story office building with surface and underground parking, walking distance to Capitol Complex
Marketing description
Amazing location with on site surface & secure underground garage parking.
This property is near the State of Illinois Capitol Building, with 3 stories of +/- 43,000 office space.
Interior finishings include brand new quality carpet, marble halls, freshly painted dry wall, acoustical tile ceiling, ADA restrooms, two four-stop elevators, and newly installed fiber data cable and security system. This solid brick 35 year old building is nicely landscaped with ADA accessibility and both surface or underground parking. Imagine being able to park in a secure environment, out of the cold or rain, just steps from the State Capitol! Owner is open to leasing.
Investment highlights
- Brick office building with quality carpet and marble halls
- Close to State Capitol Complex
- On-site and underground parking
- Brick exterior
Listing Contacts
Listed by Todd P Smith Real Estate Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$363,854.00
$30,321.17/mo
Valuation Metrics
0
DSCR
21.4%
Cap Rate
21.4%
ROI
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