Free standing building with 2 bays on busy Ogden Ave. with over 23,000 cars passing by per day. The building is over 2,500 square feet and was built in 1996 and sits on a concrete foundation with a block structure. The automotive building has 4 garage doors, 1 bathroom, 1 office, storage, 200 AMP service and central HVAC. The building is zoned B1 (retail business district) and the 4 lots total 16,200 square feet of total land. The alley behind the building is paved and you can find additional angle parking on the side street adjacent to the property. The zoning allows multiple uses for the building besides automotive so bring your ideas. Current tenant is paying $5,130 a month and just completed a 10 year NNN lease with the option to stay at a current cap rate of 4.55%.
- Price:
- $645,000
- Bedrooms:
- 0
- Full Baths:
- 0
- Square Footage:
- n/a
- Acreage:
- 0.37
- Year Built:
- 1996
- MLS #:
- MRD11318855
- Street Address:
- 8717 Ogden Ave
- City:
- Lyons
- State:
- IL
- Postal Code:
- 60534
- County:
- Cook
- Area:
- Lyons
- Listing Status:
- For Sale - Active
Building
- Exterior Description:
- Block
- Foundation:
- Brick/
Mortar, Concrete Perimeter
- Leasable Square Feet:
- 2563
- Loading Area:
- 2
- Stories:
- 1
- Year Built:
- 1996
Business
- Estimated Potential Income:
- 5253
- Gross Income:
- 63036
- Net Operating Income:
- 29764
- Operating Expense:
- 1600
Land
- Existing Land Use:
- Commercial
- Lot Square Footage:
- 16200
Listing
- Days On Market:
- 92
- Originating Mls:
- Mred
- Previous Listing Price:
- 699000
Money
- Property Taxes:
- $31,672
- Tax Year:
- 2020
- Tenant Pays:
- Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Scavenger, Sewer
Structures
- Parking Spaces:
- 14
Systems
- Cooling System:
- Central Air
- Electricity:
- Circuit Breakers
Source
-
Listing Provided By Interdome Realty
