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22844270
22844269

9001 US-12, Richmond, IL 60071 For Sale

BK
IL 475075614
Premier Commercial Realty
Listed by Premier Commercial Realty
$435,000
1419 days on market
Updated 7 days ago

9001-03 US Highway 12, Richmond

Details
APN 04-21-100-011
Property Type Retail
Sub Type Auto Shop, Investment (+1)
Square Footage 4,000
Units 2
Cap Rate 10.57%
NOI $45,977
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $109
Year Built 1959
Acreage 0.900
Zoning GB

Owner/User Investment

Marketing description

AUTOMOTIVE USER/INVESTOR BUILDING

4,000 SF BUILDING

2,800 SF AVAILABLE

w/ Long Term Tenant in Adjacent 1,200 SF

2,800 SF space available, with income from long term tenant in adjacent 1,200 SF section of this 4,000 SF 2-unit masonry automotive building for sale on .9 acre on US Hwy 12.

Current tenant (Pete’s Paint Works) in 2,800 SF does auto body work, has a lease but wants to retire. Other tenant, (Medina Cars) sells used cars and has a lease through 2026 with option to renew thru 2029, that he expects to exercise.

Original building built in 1959 with additions, newer membrane roof, 6 overhead doors and new parking lot in 2023.

Ideal user/investor property where you can occupy 2,800 SF and rent out the 1,200 SF. Ask broker for rent roll and operating statement. Owner is a licensed Illinois Broker.

Listing Contacts

BK
IL 475075614
Premier Commercial Realty
Listed by Premier Commercial Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$45,977.00
$3,831.42/mo

Valuation Metrics

0
DSCR
10.57%
Cap Rate
10.57%
ROI

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