19560 Burnham Ave - Auto Repair FOR SALE


Lynwood, IL 60411
$585,000 USD
312-953-5780
19560 Burnham Ave, Lynwood, IL for Sale
$585,000 USD
Auto Repair - FOR SALE
1/23
null | 8.4% Cap Rate

19560 Burnham Ave
Lynwood, IL 60411


HIGHLIGHTS

  • Turn Key Investment Opportunity
  • 8.4% CAP Rate

OVERVIEW

We are pleased to offer this turn-key investment opportunity located in the Burnham Commercial Subdivision of Lynwood, IL. This Single Tenant Net Leased property offers stable and predictable cash-flow with a 8.4% CAP Rate on current income. True NNN Lease with tenant paying all real estate taxes and operating expenses. Property leased for 5 years to automotive franchise operator with (2) additional 5-year options. Well-maintained, single-story building built in 1970 on 32,571 square foot lot located across from the Lansing Municipal Airport. Property located near the intersection of Burnham Ave and Glenwood Lansing Road where 24,100 vehicles pass each day. Easy investment to manage!

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

8.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

B-3

APN/PARCEL ID

33-07-201-042-0000

ASK ABOUT THIS PROPERTY

Denise RainesBerkshire Hathaway Home Services - ChicagoMore Info
312-953-5780

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Denise RainesBerkshire Hathaway Home Services - ChicagoMore Info
312-953-5780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.