Income Producing Retail, Service Warehouse Property

About this listing

INCOME PRODUCING 5+ Acres & Warehouse / Retail / Service

9% CAP RATE / 3 Buildings Total 25,713 sf Under Roof / Room to add more buildings

60 Minutes to Downtown Chicago w Low Will County Tax's

5.19 acres +/- site with 369’ of frontage on Union Ave.
Income Producing Property -w- Potential for Additional Income
Gross Income $120,000 annual / Net $92,239.44.00 Cap Rate 9%
As of Nov 2024 Current Tenants w Leases & 90 day termination notice if Buyer is owner user.
Front Building North Section 4,300 sf $3,000.00 month + Utilities , Auto Repair
Mid Section 6,500 sf $2,000.00 month + Utilities
South Section 2,100 sf $1,000.00 month + Utilities
Rear Building 7,500 sf $4,000month + Utilities, Auto Works
Additional Building to North of Main Building
needs major renovations and or tear down 2,685 sf
Total Square Feet under roof between 3 Buildings 25,713 sf
Electric 200 Amp & 100 amp services / City Water & Sewer
PROPERTY HIGHLIGHTS
9% Cap Rate / Low Will County Taxes
$10,000.00 + Monthly Income

Main Building features 15,528 sf with various ceiling heights from 10’6” to 18’9”
Gas Heat and floor drain.
North Section Measures 64’x61’ with CH of 18’9” and DID: 1-16’x16’
Middle Section Measures 182’ x 100’ with CH of 10’8” and 3 DID: 1- 10W x 12’6” T / 1- 12W x 10’T / 1-12’W x 11’T
South Section Measures 60 x 40.73 with CH of 10’6”
East Bay Measures 20’ x 60’ with CH of 11’3” DID: 1- 10’W x 12’ T / 1,200sf (Owners Use to be rented for additional $700.00 per month)
East Building 7,500 sf Measures 60 x 125 used as a Boat / Auto Repair facility
CH 15’6” 4 DID: 10’W x 12’T 2 DID: 22’W x 14’T 2 DID 10’ W x 14’T Leased $4,000.00 Monthly
Additional Building to North of Main Building Needs major renovations and or tear down 2,685 sf
Total Square Feet under roof between 3 Buildings 25,713 sf
Zoning B-3 City Water & Sewer Built in 1963
Real Estate Tax 2023 $16,207.56 / Insurance $9,553.00 CAM $2,000.00 Owners Expense Total 27,760.56