Income Producing Retail, Service Warehouse Property

About this listing

Mixed use area great for retail & sevice companies

INCOME PRODUCING 5+ Acres & Warehouse / Retail / Service

10% 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 w 369’ of frontage on Union Ave.
Gross Income $120,000 annual / Net $92,239.44.00 Cap Rate 10% $10k+ Monthly Income

Main Building 15,528 sf w various ceiling heights from 10’6” to 18’9” Gas Heat and floor drain.
North Section 4,300 sf 64’x61’ with CH of 18’9” and DID: 1-16’x16’ $3,000.00 month + Utilities, Auto Repair
Middle Section 6,500 sf 182’ x 100’ w CH of 10’8” & 3 DID: 1- 10W x 12’6” T / 1- 12W x 10’T / 1-12’W x 11’T $2,000.00 month + Utilities
South Section 2,100 sf Measures 60 x 40.73 with CH of 10’6” $1,000.00 month + Utilities
East Bay 1,200 sf 20’ x 60’ with CH of 11’3” DID: 1- 10’W x 12’ T (Owners Unit to be rented for additional $700.00 per month)
East Building 7,500 sf Measures 60 x 125 used as a 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 + Utilities
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

Real Estate Tax 2023 $16,207.56 / Insurance $9,553.00 CAM $2,000.00 Owners Expense Total 27,760.56
Leases w 90-day termination notice if Buyer is owner user. Electric 200 Amp & 100 amp

ZONING B-3