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2103 - 2105 Galilee Avenue, Zion, IL 60099
$400,000
2103 - 2105 Galilee Avenue, Zion, IL 60099View this property at 2103 - 2105 Galilee Avenue, Zion, IL 60099
2103 - 2105 Galilee AvenueZionIL60099
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Property Description
Turnkey Industrial Investment Opportunity in Zion - Don't miss out on this incredible chance to own a highly profitable industrial property in Zion, IL. This commercial building located at 2103-2105 Galilee Ave presents a fantastic cap rate and is fully occupied by long-term, reliable tenants. Built in 1959, this industrial property offers a total building size of 8,665 square feet, with 4 units providing a combined leasable area of 2,000 square feet each. The lot size is 14,588 square feet, providing ample space for parking with 8 spots available. The property is zoned for commercial use and features concrete, steel, and brick construction. With a gross rental income of $39,960 annually and a net operating income of $30,688, this investment boasts a cap rate of 8%. There is also potential for increased rent by adding a second entryway and a bathroom. Located in the desirable north suburban area, this property is conveniently accessible from Route 173 and offers great potential for a variety of commercial, warehouse, or investment purposes. Don't miss your chance to own this profitable industrial investment property in Zion. Contact us today for more information and to schedule a showing.
Full Property Details
Full Property Details for 2103 - 2105 Galilee Ave
General
- Price: $400,000
- Taxes: $7,344 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11939616
- Updated: 3/14/2024
- Added to Site: 154 day(s) ago
Interior
- Interior Features: Overhead Door(s)
- Flooring: Concrete
Additional Information
- Security/Safety: Other
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: Zion
- County: Lake
- Township: Zion
- Driving Directions: Route 173 to Galilee south to buildings
- Location Details: North Suburban
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Municipal Water
Structural Information
- Construction: Concrete, Block, Steel Siding
- Exterior Const.: Aluminum Siding, Brick, Block
- Foundation: Concrete Perimeter
- Roof: Composition
- Drive-In Doors: 4
- Sub-Flooring: Concrete
- Stories/Levels: 1
- Square Feet: 8,665
- Current Bldg. Use: Other
- Year Built: 1959
- Built Before 1978: Yes
Unit Information
- # Tenants: 4
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 14,588
- Lot Dimensions: 100 x 145
- Frontage: City Street
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $3,800
- Security Deposit: Other
- Assessment Year: 1959
- Tax Amount: $7,344.8
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Insurance, Scavenger, Sewer
Disclosures and Reports
- Property ID: 4211010190000
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Schools
Schools serving 2103 - 2105 Galilee Ave
School Districts:Zion Elementary School District 6, Zion-Benton Township Hsd 126
Rating | Name | Grades | Distance |
---|---|---|---|
Shiloh Park Elementary School
2635 Gabriel Ave, Zion, IL 60099 | K-6 | 0.7 mi | |
1716 27th St, Zion, IL 60099 | 7-8 | 0.8 mi | |
3901 21st St, Zion, IL 60099 | 9-12 | 1.2 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 2103 - 2105 Galilee Ave
Date
Details
Price
Change
Source
11/30/2023
Listed
$400,000
138.1%
MLS
4/11/2022
Sold
$168,000
—
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 2103 - 2105 Galilee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$4,047
2%
$27,343
7%
2021
$3,968
3%
$25,650
6%
2020
$3,838
—
$24,125
7%
2019
$3,838
-3%
$22,473
—
2018
$3,952
-1%
$22,473
8%
2017
$3,980
5%
$20,847
10%
2016
$3,778
3%
$18,924
10%
2015
$3,684
-1%
$17,171
—
2014
$3,717
2%
$17,171
-2%
2013
$3,642
15%
$17,527
-6%
2012
$3,174
—
$18,665
—
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 2103 - 2105 Galilee Ave
2103 - 2105 Galilee Avenue, Zion, IL 60099 (MLS# 11939616) is a Commercial property. 2103 - 2105 Galilee Avenue is currently listed for $400,000 and was received on November 30, 2023. Want to learn more about 2103 - 2105 Galilee Avenue? Do you have questions about finding other Commercial real estate for sale in Zion? You can browse all Zion real estate or contact a Coldwell Banker agent to request more information.