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1401 Windy Lane, Jerseyville, IL 62052
$101,560
1401 Windy Lane, Jerseyville, IL 62052View this property at 1401 Windy Lane, Jerseyville, IL 62052
1401 Windy LaneJerseyvilleIL62052
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Property Description
NOTE: Seller has received multiple offers. The seller is requesting potential buyers to submit their highest and best offer, in all cash, no later than May 10, 2024 by 12:00pm. Major price reduction for investor equity buy-in of Dollar Tree retail standalone building. Tenant has a 25-year modified gross lease, with the first period ending in January 2028, then four consecutive five year options with rent escalations. Investor participation portion is at 18.93% of ownership, with the first period lease term at a capitalization rate of 15.1%. Cash investment requirement is $101,560. This retail building is of steel and masonry construction, built in 2017, with a rentable area of 9,000 sqft. Building features steel structural framing, exterior walls of concrete block and steel, with central HVAC, fire suppression and alarm system. Building sits on a parcel of 1.66 acres, with 48 surface parking spaces. Accessibility is by US Route 67, which is a major arterial. This Dollar Tree retail resides on the southern most portion of Jerseyville, off a major access road of US Route 67. The City of Jerseyville, has a population approaching 8,000 residents, with a median household income of $63,200. Jerseyville is located in Jersey County IL, 50 miles north of St. Louis
Full Property Details
Full Property Details for 1401 Windy Ln
General
- Price: $101,560
- Taxes: $22,824 (2022)
- Status: Active
- Type: Store
- MLS ID: 11962014
- Updated: 5/7/2024
- Added to Site: 128 day(s) ago
Interior
- Flooring: Concrete
Additional Information
- Security/Safety: Alarm Monitored, Alarm on Site, Sprinklers (Wet)
Parking
- Parking Features: 31 to 50 Spaces
Location
- Area: Jerseyville
- County: Jersey
- Township: Jersey
- Driving Directions: East County Road, to US Route 67, south to Windy Lane
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Ceiling Units, Forced Air
Structural Information
- Construction: Block, Steel Siding
- Exterior Const.: Steel Siding, Block, EIFS (e.g. Dryvit).
- Foundation: Concrete Perimeter
- Sub-Flooring: Concrete
- Stories/Levels: 1
- Square Feet: 9,000
- Current Bldg. Use: Commercial
- Year Built: 2017
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 72,310
- Lot Dimensions: 257 x 281 x 258 x 281
- Frontage: County Road
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Other Fee: $4,800
- Security Deposit: Alarm Monitored, Alarm On Site, Sprinklers-Wet
- Assessment Year: 2017
- Tax Amount: $22,824
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance
Disclosures and Reports
- Property ID: 4653007000000
Listed by L & B All Star Realty Advisors LLC
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Schools
Schools serving 1401 Windy Ln
School District:Jersey Community Unit School District 100
Rating | Name | Grades | Distance |
---|---|---|---|
801 N State St, Jerseyville, IL 62052 | 8-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1401 Windy Ln
Date
Details
Price
Change
Source
4/20/2024
Price Reduced
$101,560
-45.03%
MLS
3/22/2024
Price Reduced
$184,750
-15.79%
MLS
2/18/2024
Price Reduced
$219,398
-13.64%
MLS
1/15/2024
Listed
$254,040
643.55%
MLS
6/24/2022
Sold
$34,166
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1401 Windy Ln
Year
Property Taxes
Change
Tax Assessment
Change
2022
$22,824
4%
$277,915
5%
2021
$22,013
6%
$263,430
4%
2019
$20,855
—
$253,295
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1401 Windy Ln
1401 Windy Lane, Jerseyville, IL 62052 (MLS# 11962014) is a Store property. 1401 Windy Lane is currently listed for $101,560 and was received on January 15, 2024. Want to learn more about 1401 Windy Lane? Do you have questions about finding other Store real estate for sale in Jerseyville? You can browse all Jerseyville real estate or contact a Coldwell Banker agent to request more information.