If you need assistance, please call 217-359-7971

DESCRIPTION

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%.

KEY DETAILS
  • 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

    ILMRED
REQUEST SHOWING
SCHOOL RATINGS

No school information available.

NOTES

No notes have been added for this home.

CONTACT AN AGENT
By clicking 'Request Info' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from cregmcdonald.com at the number you provided above. This consent is not required to purchase any good or service. More details in privacy policy and terms of use.

SCORECARD

0
PROS
0
CONS
Condition
Location
Nearby
Schools
Taxes
  • Add Note
  • Add to Notebook
  • Share