9001-9003 US Highway 12
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9001-9003 US Highway 12
4,000 SF 100% Leased Retail Building Richmond, IL 60071 £371,664 (£93/SF) 9.68% Net Initial Yield
Investment Highlights
- Price Reduced
Executive Summary
FULLY LEASED INVESTMENT OPPORTUNITY
2-UNIT 4,000 SF AUTO CENTER
Potential for User/Investor
100% leased 4,000 SF 2-unit automotive building with long leases thru 2029. Pete’s Paint Works & Medina Cars are both long term tenants (since 1986 and 2016).
All masonry building on US Highway 12. Pete’s Paint address is 9001 and Medina Cars is 9003. (*) Medina expires 2026 with an option to renew thru 2029.
Original building built in 1959 with additions. New Membrane roof and overhead doors. New parking lot 2023.
User/Investor Potential: Auto Body Tenant will move out for a buyer who needs his 2,800 SF space.
9.68% CAP rate. Ask broker for rent roll and operating state ment. Owner is a licensed Illinois Broker.
2-UNIT 4,000 SF AUTO CENTER
Potential for User/Investor
100% leased 4,000 SF 2-unit automotive building with long leases thru 2029. Pete’s Paint Works & Medina Cars are both long term tenants (since 1986 and 2016).
All masonry building on US Highway 12. Pete’s Paint address is 9001 and Medina Cars is 9003. (*) Medina expires 2026 with an option to renew thru 2029.
Original building built in 1959 with additions. New Membrane roof and overhead doors. New parking lot 2023.
User/Investor Potential: Auto Body Tenant will move out for a buyer who needs his 2,800 SF space.
9.68% CAP rate. Ask broker for rent roll and operating state ment. Owner is a licensed Illinois Broker.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Year Built
1959
Price
£371,664
Price Per SF
£93
Net Initial Yield
9.68%
NOI
£35,975
Percent Leased
100%
Number of Floors
1
Building FAR
0.10
Land Acres
0.90 AC
Zoning
GB
Parking
50 Spaces (12.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 04-21-100-011 | Total Assessment | £68,716 |
| Land Assessment | £22,724 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £45,992 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
04-21-100-011
Land Assessment
£22,724
Improvements Assessment
£45,992
Total Assessment
£68,716
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
-
Bruce Kaplan -
Premier Commercial Realty
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9001-9003 US Highway 12
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