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$999,000
Est. payment /mo
2,640 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $378
MLS Listing ID 12575362
Year Built 1971
Annual Tax Amount $10,121
Tax Year 2024
Lot Dimensions 98x267x96x257
Property Sub-Type Industrial
Property Description
THIS PROPERTY IS OFFERED UNDER A TRIPLE NET LEASE, FULLY GUARANTEED BY A LARGE CORPORATE TENANT, PROVIDING STRONG AND RELIABLE INCOME. THE TENANT IS RESPONSIBLE FOR ALL UTILITIES, PROPERTY TAXES, REPAIRS, AND MAINTENANCE, MAKING THIS A TRULY PASSIVE, ARMCHAIR INVESTMENT. AN EXCELLENT OPPORTUNITY FOR INVESTORS SEEKING STABLE RETURNS, AND IDEAL FOR A 1031 EXCHANGE. 8% Cap Rate Return on Investment! The building offers an expansive open garage space with five 12-foot overhead drive-in doors - three positioned at the front and two at the rear - allowing for seamless access, efficient workflow, and excellent loading flexibility. The impressive 18-foot ceiling height provides ample vertical clearance for equipment, storage, or specialized operations. The first floor includes a welcoming reception area, restroom, storage room, and dedicated laundry space, offering practical functionality for a variety of business needs. The second floor provides additional office and storage space, ideal for administrative operations or expanded use. This property combines strong income stability with versatile industrial features, making it an outstanding addition to any investment portfolio.
Location
State IL
County Dupage
Area Carol Stream
Zoning COMMR
Interior
Cooling Central Air
Flooring Concrete
Fireplace N
Building
Dwelling Type Industrial
Structure Type Brick,Block
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Listed by Ronald Ohr of Avenue 1 Realty Group