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Introducing a prime investment opportunity! This recently remodeled 8000 square foot office building boasts a total lot size of 18,825 square feet, making it an exceptional commercial property. Featuring 6,350 square feet of net leasable space, this two-story office building is currently fully leased, with lease renewals in place. First floor commands $5,000 per month, and second floor commands $6,000 per month resulting in a total income of $11,000 per month. Ample parking with 18 spots, ensuring convenience for tenants and visitors. Cap rate at 10.58%! The property's proximity to major highways and expansive shopping malls enhances its appeal to tenants. Conveniently located just minutes away from the historical La Grange and the Metra train station, this property offers easy access to transportation and amenities. With numerous recent updates, this property presents an attractive turnkey opportunity for new owners. The strategic location, strong rental income, and minimal need for additional investment make this a compelling addition to any investment portfolio. Don't miss out on the chance to acquire this income-generating property in a sought-after location. Schedule a showing today and seize this lucrative investment opportunity. Listed at or above appraisal value!
| DAYS ON MARKET | 23 | LAST UPDATED | 4/10/2024 |
|---|---|---|---|
| YEAR BUILT | 1983 | COMMUNITY | Countryside |
| COUNTY | Cook | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Countryside |
| BUYER'S BROKERAGE COMPENSATION | AS A PERCENTAGE OF T |
| CONSTRUCTION | Shingle Siding |
| LOT | 0.43 acre(s) |
| LOT DIMENSIONS | 125X150 |
| STORIES | 2 |
| TAXES | 27678 |
| WATERFRONT DESCRIPTION | Other |
| ZONING | COMMR |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Compass
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Copyright 2024 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2024 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2024.