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$38,000

  • Sold
  • Closed
  • Store
  • 9,026 Sq. Ft.
See This Home
Save This Home
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Investor equity buy-in for retail income standalone building. Stable anchor tenant in place, Dollar General retail, with 40-year lease terms. Investor participation portion is 4.92% ownership. The first period lease capitalization rate is at 8.82% net. Cash investment requirement is $49,200. Retail property is a steel and masonry building constructed in 2016. This is a single occupant building with the rentable area of 9,026 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 99,752 sqft / 2.29 acres. The site has 30 surface parking spaces. Accessibility is by State Route 115, which is a major arterial. The subject resides on the northern edge of Herscher. This Dollar Tree tenant serves Herscher and greater southwestern Kankakee County. The lease terms are triple net, with no landlord responsibilities. A very nice armchair investment. Contact broker for additional information.

Full Property Details for 301 E Route 115

General

  • Sold For: $38,000
  • Taxes: $18,124 (2022)
  • Status: Closed
  • Type: Store
  • Source: MRED
  • MLS ID: 11960473
  • Added to Site: 740 day(s) ago

Interior

  • Interior Features: Accessible Washroom/s
  • Flooring: Concrete

Additional Information

  • Security/Safety: Alarm Monitored, Sprinklers (Wet)

Parking

  • Parking Features: 19 to 30 Spaces

Location

  • Area: Herscher
  • County: Kankakee
  • Driving Directions: State Route 115, one block east of Park Rd, northern most part of town.
  • Location Details: In City Limits

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Ceiling Units

Utilities

  • Onsite: Electricity to Site, Gas to Site, Sanitary Sewer

Structural Information

  • Construction: Block, Steel Siding
  • Exterior Const.: Steel Siding, Block
  • Foundation: Concrete Perimeter
  • Roof: Membrane
  • Sub-Flooring: Concrete
  • Stories/Levels: 1
  • Square Feet: 9,026
  • Current Bldg. Use: Commercial
  • Year Built: 2016

Unit Information

  • # Tenants: 1

Lot Features

  • Lot Size (Sq. Ft.): 99,752
  • Lot Dimensions: 263 x 450 x 250 x 334
  • Frontage: County Road
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Operating Expenses: $4,800
  • Security Deposit: Alarm Monitored, Sprinklers-Wet
  • Assessment Year: 2016
  • Tax Amount: $18,124.6
  • Tax Year: 2022
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Repairs, Roof, Scavenger, Structure

Disclosures and Reports

  • Property ID: 14142130001300

Listed and Sold by L & B All Star Realty Advisors LLC

Listing agent

— 301 E Route 115 —

  • L & B All Star Realty Advisors LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 301 E Route 115

Date
Details
Price
Change
Source
7/09/2024
Sold
$38,000
-22.76%
MLS
3/22/2024
Price Reduced
$49,200
-13.99%
MLS
2/18/2024
Price Reduced
$57,200
-15.45%
MLS
1/12/2024
Listed
$67,650
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by L & B All Star Realty Advisors LLC

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301 E Route 115, Herscher, IL 60941 (MLS# 11960473) is a Store property that was sold at $38,000 on July 09, 2024. Want to learn more about 301 E Route 115? Do you have questions about finding other Store real estate for sale in Herscher? You can browse all Herscher real estate or contact a Coldwell Banker agent to request more information.