777 Milwaukee Avenue

    Lake Villa, IL 60046
    • $1,499,000
    • STATUS: Active
    • ON SITE: 840 days
    • MLS #: 09708875
    UPDATED: 49 min ago
    $1,499,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,000
      SQFT
    • $71
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1992
    County:

    School Ratings & Info

    Description

    EXCELLENT INVESTMENT OPPORTUNITY. HIGH VISIBILITY AND HIGH TRAFFIC COUNT WITH 405' OF FRONTAGE ON BUSY RT 83. BUILDING HAS 7 RENTABLE STORE FRONTS AND A 10% CAP RATE WHEN 100% OCCUPIED CURRENTLY 80% OCCUPIED. THERE IS ADDITIONAL SHOP SPACE WITH 12' CEILINGS AND 3 10X10 OVERHEAD DOORS. THERE ARE ALSO 2 RENTABLE OFFICES ABOVE THE SHOP AREA. LOTS OF POTENTIAL TO GENERATE MORE INCOME. LONG LEASES INTACT FOR CURRENT TENANTS. POTENTIAL FOR OWNER FINANCING.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2019-11-21T16:52:17.27 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.bnrealty.com/homes/75422894

    777 Milwaukee Avenue Lake Villa, IL 60046

    • Price: $1,499,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 09708875
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    21,000
    SQFT
    $71
    $/SQFT
    1992
    Built
    Neighborhood:
    Lake Villa / Lindenhurst
    County:
    Lake
    Area:
    Lake Villa / Lindenhurst
    Property Description
    EXCELLENT INVESTMENT OPPORTUNITY. HIGH VISIBILITY AND HIGH TRAFFIC COUNT WITH 405' OF FRONTAGE ON BUSY RT 83. BUILDING HAS 7 RENTABLE STORE FRONTS AND A 10% CAP RATE WHEN 100% OCCUPIED CURRENTLY 80% OCCUPIED. THERE IS ADDITIONAL SHOP SPACE WITH 12' CEILINGS AND 3 10X10 OVERHEAD DOORS. THERE ARE ALSO 2 RENTABLE OFFICES ABOVE THE SHOP AREA. LOTS OF POTENTIAL TO GENERATE MORE INCOME. LONG LEASES INTACT FOR CURRENT TENANTS. POTENTIAL FOR OWNER FINANCING.
    Exterior Features

    Construction BrickWood Frame Foundation Concrete Frontage Access State Road Location Commercial Business ParkCorner Lot Dimensions 259X429 Lot Sq Ft 120810 Number Of Parking Spaces 12 Number Of TLDocks 0 Roof Coverings Shingle Composition Roof Structure Gable

    Interior Features

    Air Conditioning Central Air Fire Protection Other Indoor Parking 6-12 Spaces Number Of Drive In Doors 3 Number Of Stories 1 Outdoor Parking 31-50 Spaces

    Property Features

    Age 16-25 Years Current Use Commercial Electrical Service Circuit Breakers Expense Year 2018 Exterior Building Type BrickCedar Geographic Locale North Suburban Gross Rental Income Amount 179508 Heat Ventilation Forced AirGas Max Avail Sq Ft Rentable 21000 Min Avail Sq Ft Rentable 1200 Net Oper Income Amount 15950 Potential Use CommercialRetail Property Offered For Sale Only Tax Year 2018 Taxes 51582.0 Tenant Pays Other Total Annual Exp 20150 Total Annual Expense Source Owner Projection Total Annual Income 179508 Total Monthly Income 14959 Township Lake Villa Unincorporated YN Yes Utilities To Site Sanitary Sewer To SiteWater-Municipal Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Realty World Tiffany R.E..


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2019-11-21T16:52:17.27 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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