207 E Church St - Storefront Retail/Office FOR SALE


Sandwich, IL 60548
$1,499,950 USD
630-776-9082
207 E Church St, Sandwich, IL for Sale
$1,499,950 USD
Storefront Retail/Office - FOR SALE
1/10
null | 8.25% Cap Rate

207 E Church St
Sandwich, IL 60548


HIGHLIGHTS

  • Fully leased, income-producing mixed-use investment with an established tenant roster
  • Diverse mix of office, financial, counseling, retail and event-related tenants
  • Staggered lease expirations through 2031, reducing near-term rollover exposure
  • Approximately $123,687 in net operating income with multiple revenue streams
  • Major recent capital improvements, including a 2020 roof, newer HVAC systems, new windows and renovated second floor
  • High-visibility Route 34 location with on-site parking near downtown Sandwich and area amenities

OVERVIEW

207 E Church Street presents an opportunity to acquire a fully leased, income-producing mixed-use commercial property along highly visible Route 34 in Sandwich, Illinois. Built in 2006, the multi-tenant building accommodates a complementary mix of office, professional service, financial, counseling, retail and event-related uses. The property features multiple tenant suites across two floors, plus a finished lower level used for storage and business operations. Current tenants include Centennial Counseling Center, Chic Boutique, VMR Consulting, Edward Jones and Family Focused Financial. Lease expirations are staggered from May 2027 through July 2031, providing diversified income and reduced near-term rollover exposure. The building has benefited from significant recent capital improvements. The roof was replaced in 2020, nearly all water heaters have been replaced and all HVAC units were installed or replaced within approximately the last five to seven years. Additional improvements include new windows, a renovated building entrance completed in 2021 and a complete buildout and renovation of the second floor within the last four years. These improvements may help reduce near-term capital requirements for a new owner. The property generates annual rental income of $171,973, plus $5,775 in CAM reimbursements, resulting in effective gross income of $177,748. Annual operating expenses total approximately $54,061, producing net operating income of approximately $123,687. The expense ratio is approximately 30.4%, with an NOI margin of approximately 69.6%. Situated on approximately 0.57 acres, the property offers central air conditioning, gas-forced-air heating, exterior signage opportunities and on-site parking. Its flexible floor plans can accommodate professional office, medical, financial services, retail, showroom, boutique, studio and other commercial uses. The property benefits from a prominent Route 34 location near downtown Sandwich, City Hall, Veterans Park, banking, restaurants and other community amenities. This location provides convenient access and visibility along one of Sandwich’s primary commercial corridors. 207 E Church Street offers investors an established tenant roster, multiple income streams, staggered lease expirations, recent capital improvements and a versatile commercial building with long-term investment potential.

FOR SALE DETAILS

PRICE

$1,499,950 USD

PRICE/SF

$106 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

19-36-106-010

ASK ABOUT THIS PROPERTY

Sergio LopezKeller Williams InfinityMore Info
630-776-9082

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Sergio LopezKeller Williams InfinityMore Info
630-776-9082

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