1070 Larkin Ave
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1070 Larkin Ave
4,931 SF 100% Leased Office Building Elgin, IL 60123 £431,425 (£87/SF) 6.69% Net Initial Yield
Investment Highlights
- Masonry Building
- Well maintained
- Main Business Route
Executive Summary
The building is currently fully leased. Broker occupies entire 1st floor, relocation could be a possibility.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,931 SF
Building Class
C
Year Built
1976
Price
£431,425
Price Per SF
£87
Net Initial Yield
6.69%
NOI
£28,851
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,801 SF
Slab to Slab
9 ft
Building FAR
0.26
Land Acres
0.44 AC
Parking
25 Spaces (5.07 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 of 1
PROPERTY TAXES
| Parcel Number | 06-15-279-020 | Total Assessment | £113,428 |
| Land Assessment | £43,368 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £70,060 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
06-15-279-020
Land Assessment
£43,368
Improvements Assessment
£70,060
Total Assessment
£113,428
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
-
Jeff Kellenberger - Preferred Homes Realty
(847) 695-6040
x207
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Preferred Homes Realty
1070 Larkin Ave
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