BUILDING FOR SALE · 558 Main DeMartini Law 920 6/30/18 $725.00 $725.00 560 Main Mirror Images 935...
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BUILDING FOR SALE PROPERTY FEATURES: 02-08-103-024 Approx. 8,400 sf Bldg. Approx. 13,504 sf Site 4 Apartments 4/5 Office / Retail Units Signalized Corner Zoned CE DIRECTIONS: Southwest Corner of Main (Route 83) & North Ave. Robert E. Frank, GRI Robert E. Frank Real Estate, Inc. P.O. Box 1111, Lake Villa, IL 60046 OFFICE: (847) 356-5263 CELL: (847) 508-5263 FAX: (847) 356-3311 [email protected] www.Facebook.com/RobertEFrankRealEstate www.RobertEFrankRealEstate.com All information is Not Guaranteed Corner commercial building with 4 large apartments on second floor. Well maintained multi tenant building can house your business and generate income. High profile SW corner of Rt. 83 (Main) and North Avenue with signal. Access off North. Brick and frame building. Newer HVAC in some units. Fully leased but management space available upon closing. Family partnership looking for other opportunities. Please do not disturb tenants. Prefer 24 hour notice for showings. 556 Main St. Antioch, IL 60002 Price Reduced $599,000
Transcript of BUILDING FOR SALE · 558 Main DeMartini Law 920 6/30/18 $725.00 $725.00 560 Main Mirror Images 935...
BUILDING FOR SALE
PROPERTY FEATURES: 02-08-103-024 Approx. 8,400 sf Bldg. Approx. 13,504 sf Site 4 Apartments 4/5 Office / Retail Units Signalized Corner Zoned CE DIRECTIONS: Southwest Corner of Main (Route 83) & North Ave.
Robert E. Frank, GRI Robert E. Frank Real Estate, Inc. P.O. Box 1111, Lake Villa, IL 60046 OFFICE: (847) 356-5263 CELL: (847) 508-5263 FAX: (847) 356-3311 [email protected] www.Facebook.com/RobertEFrankRealEstate
www.RobertEFrankRealEstate.com All information is Not Guaranteed
Corner commercial building with 4 large apartments on second floor. Well maintained multi tenant building can house your
business and generate income. High profile SW corner of Rt. 83 (Main) and North Avenue with signal. Access off North. Brick and
frame building. Newer HVAC in some units. Fully leased but management space available upon closing. Family partnership looking for other opportunities. Please do not disturb tenants.
Prefer 24 hour notice for showings.
556 Main St. Antioch, IL 60002
Price Reduced
$599,000
Mixed Use MLS #:09611051 List Price:$599,000Status:ACTV List Date:04/30/2017 Orig List Price:$599,000Area:2 List Dt Rec:04/30/2017 Sold Price:
Address:556 Main St , Antioch, Illinois 60002Directions:SW Corner of Main (Route 83) & North Ave.
List. Mkt Time:27 Rented Price: Closed Date: Contract: Lease Price SF/Y:$0Off Mkt Date: Concessions: Mthly. Rnt. Price: Township:Antioch Unincorporated:No CTGF:
Coordinates:N:43 W:24 Subdivision:Year Built:1986 Built Before 78:No # of Stories:2
Zoning Type:Commercial PIN #:02081030240000 (Map)
Multiple PINs:No
Actual Zoning:CE County:Lake Owners Assoc:NoSubtype:Apts/Ofc/Store Lease Type:N/A
Lot Dimensions:18 X 74 X 157 X 91 X 125 Estimated Cam/Sf: Land Sq Ft:13504 Apx. Total SF:8400 Est Tax per SF/Y:
Remarks: Corner commercial building with 4 large apartments on second floor.Well maintained multi tenant building can house your business and generateincome. High profile SW corner of Rt. 83 (Main) and North Avenue with signal.Access off North. Brick and frame building. Newer HVAC in some units. Fully leasedbut management space available upon closing. Family partnership looking forother opportunities. Please do not disturb tenants. Prefer 24 hour notice forshowings.Total # Units:8
# Dishwashers:0# Disposals:0
Total # Tenants:# Washers:0# Fireplaces:0
Total # Apartments:4# Dryers:0
# Refrigerators:4
Total # Offices:2W/D Leased?:No# Window AC:0
Total # Stores:2# Ranges:4
Approx Age:16-25 YearsType Ownership:Land TrustFrontage/Access:Signal Intersection, StateRoadCurrent Use:CommercialPotential Use:Commercial, Residential-Multi-Family, RetailClient Needs:Client Will:Known Encumbrances:None KnownLocation:CornerGeographic Locale:North SuburbanConstruction:Brick, Concrete, Wood FrameExterior:Brick, FrameFoundation:Concrete
Roof Structure:MansardRoof Coverings:Shingle CompositionDocks/Delivery:NoneMisc. Outside:# Parking Spaces:18Indoor Parking:Outdoor Parking:19-30 Spaces, PavedMisc. Inside:Multi-Tenant, Private Restroom/s,Storage InsideFloor Finish:Carpet, Tile, VinylAir Conditioning:Central AirElectricity:0-100 AmpsHeat/Ventilation:Forced Air, GasFire Protection:Fire Extinguisher/s
Water Drainage:Utilities To Site:Electric to Site, Gas to Site,Sanitary Sewer to Site, Water-MunicipalTenant Pays:Electric, Heat, Varies by TenantEquiptment:HERS Index Score:Green Disc:Green Rating Source:Green Feats:Backup Info:Aerial Map, Demographics, Leases-Copies, Tax Bill, Traffic Counts, BackupPackageSale Terms:Possession:Closing
Gross Rental Income:$0Gross Rent Multiplier:0
Total Annual Expenses:$0Annual Net Operating Income:$0
Total Monthly Income:$0Real Estate Taxes:$16,697
Expense Source:Net Operating Income Year:
Total Annual Income:$0Tax Year:2016
Expense Year:Cap Rate:
Fuel Expense ($/src):$0/Electricity Expense ($/src):$0/
Water Expense ($/src):$0/Scavenger Expense ($/src):$0/Insurance Expense ($/src):$0/
Other Expense ($/src):$0/Broker:Robert E. Frank Real Estate Ph #: (847) 356-5263 Team:
List Agent:Robert E Frank, GRI Ph #: (847) 356-5263 Email:[email protected];[email protected]
Co-lister: Ph #: More Agent Contact Info:Copyright 2017 MRED LLC - INFORMATION NOT GUARANTEED, REQUEST ADDITIONAL INFORMATION FROM BROKER, INVESTIGATE ENVIRONMENTAL. USE DUE
DILIGENCE.
MLS #: 09611051 Prepared By: Robert E Frank, GRI | Robert E. Frank Real Estate | 05/26/2017 01:10 AM
BUILDING FOR SALE
Robert E. Frank, GRI Robert E. Frank Real Estate, Inc. P.O. Box 1111, Lake Villa, IL 60046 OFFICE: (847) 356-5263 CELL: (847) 508-5263 FAX: (847) 356-3311 [email protected] www.Facebook.com/RobertEFrankRealEstate
www.RobertEFrankRealEstate.com All information is Not Guaranteed
Rent Roll Provided by Seller
556 Main St. Antioch, IL 60002
Unit # Type / Name Unit Size Original Tenancy
Lease Expiration
Security Deposit
Rent
101 2 Bedroom, 1 Bath 900 $735.00 $735.00
102 2 Bedroom, 1 Bath 900 $800.00 $800.00
103 2 Bedroom, 1 Bath 900 $800.00 $800.00
104 2 Bedroom, 1 Bath 900 Mo. to Mo. $800.00 $800.00
368 North Smokey’s Vapors 644 Mo. to Mo. $700.00 $700.00
370 North C-Vogt Gift Shop 623 Mo. to Mo. $500.00 $500.00
372 North Record Store 644 $600.00 $600.00
558 Main DeMartini Law 920 6/30/18 $725.00 $725.00
560 Main Mirror Images 935 $735.00 $735.00
8,400** $6,395.00** $6,395.00**
Rent Roll Summary Provided by Seller
Unit Count
Number Vacant
Unit Type Total Sq. Ft.
Annual Rent Monthly Rent
Average Rent
Lowest Rent
Highest Rent
4 0 2 Bedroom, 1 Bath 3,600 $37,620* $3,135* $783.75 $735 $800
5 0 Office / Retail 3,766 $39,120* $3,260* $652.00 $500 $735
7,366 $76,740* $6,395*
*Projected Income for 2017 ** Including Common Area
Apartment (2nd Floor) Sizes:
Living Room: 12 x 30 Kitchen / Dining: 18 x 8
Bedroom #1: 16 x 11 Bedroom #2: 10.6 x 10.6
Note: Building is approx. 8,400 sf gross. Above amounts do not include common area spaces. *Projected Income for 2017
BUILDING FOR SALE
Robert E. Frank, GRI Robert E. Frank Real Estate, Inc. P.O. Box 1111, Lake Villa, IL 60046 OFFICE: (847) 356-5263 CELL: (847) 508-5263 FAX: (847) 356-3311 [email protected] www.Facebook.com/RobertEFrankRealEstate
www.RobertEFrankRealEstate.com All information is Not Guaranteed
556 Main St. Antioch, IL 60002
2016 Income / Expenses Provided by Seller
INCOME
Income Income per Unit
Current Rent $76,740 $8,526.66
EXPENSES
Owner Expenses
Expenses per Unit
R.E. Taxes $16,696.81 $1,855.20
Insurance $2,249.00 $249.89
Gas, Electric $2,300.71 $255.63
Water/Sewer $2,234.96 $248.33
Repairs & Maintenance $9,793.84 $1,088.20
Alarm System $1,157.57 $128.62
Landscaping $414.00 $46.00
Plow, Salt $1,406.00 $156.22
New Windows, Appliances $15,438.11 $1,715.35
Disposal $1,238.49 $137.61
TOTAL EXPENSES $52,929.49 $5,881.05
Expenses Net Taxes & Insurance $23,481.48 $2,609.05
Total Controllable Expenses $29,448.01 $3,272.00
NET OPERATING INCOME $23,810.51 $2,645.61
*Projected Income for 2017
Robert E. Frank—Owner / Managing Broker P.O. Box 1111, Lake Villa, IL 60046
(847) 356-LAND * F: (847) 356-3311 * C: (847) 508-5263 [email protected] * www.RobertEFrankRealEstate.com
Robert E. Frank—Owner / Managing Broker P.O. Box 1111, Lake Villa, IL 60046
(847) 356-LAND * F: (847) 356-3311 * C: (847) 508-5263 [email protected] * www.RobertEFrankRealEstate.com
Robert E. Frank—Owner / Managing Broker P.O. Box 1111, Lake Villa, IL 60046
(847) 356-LAND * F: (847) 356-3311 * C: (847) 508-5263 [email protected] * www.RobertEFrankRealEstate.com
Robert E. Frank—Owner / Managing Broker P.O. Box 1111, Lake Villa, IL 60046
(847) 356-LAND * F: (847) 356-3311 * C: (847) 508-5263 [email protected] * www.RobertEFrankRealEstate.com
