$420,000
$469,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
20,522 SqFt
SOLD DATE : 08/14/2024
Key Details
Sold Price $420,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 20,522 sqft
Price per Sqft $20
MLS Listing ID 12082537
Sold Date 08/14/24
Year Built 1984
Tax Year 2022
Lot Size 2.200 Acres
Lot Dimensions COMMON
Property Sub-Type Office/Tech
Property Description
Great office investment in the lower level of a office condominium building. The office is 5,500 square feet and occupied with a long-term net lease ending in 2032. 2024, the tenant will pay 4,440 a month. the cap rate will be 11%. Rents will also rise after 2029 to 4884 a month. This unit is a great investment opportunity for potential investors. Tenant pays property taxes, CAM, and utilities.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet, Tile
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Bought with Jerry Hix • Keller Williams Infinity
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "