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1222 S Route 12, Fox Lake, IL
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1222 S Route 12
Fox Lake, IL 60020 - Central Northwest Submarket
1.03 AC (44,697 SF)
For Sale Price:
44 Surface spaces are available; Ratio of 7.03/1,000 SF
A GREAT OPPORTUNITY FOR INCOME ON A PROPERTY WITH A LONG TERM LEASE WITH WELL KNOWN AUTO-SERVICE PROVIDER. ALSO A 1035 EXCHANGE OPPORTUNITY! RENT FROM NOV 2015 WILL BE $134,000/YEAR, GIVING NET OF $100,000 FOR A 1.2M PRICE, THE CAP IS 8.3%. REMAINING LEASE PERIOD IS 15 YEARS (OF A 25 YEAR TOTAL LEASE) for ONE auto service provider. TWO TENANTS OCCUPY THE BUILDING. Property taxes are already being appealed.
The property is located on a major highway in town and adjunct to a Strip Shopping Center.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Berkshire Hathaway American Heritage
Madan R Khatri
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