614-616 State Route 116 Hwy - Office FOR SALE


Germantown Hills, IL 61548
$395,000 USD
309-323-0399
614-616 State Route 116 Hwy, Germantown Hills, IL for Sale
$395,000 USD
Office - FOR SALE
1/23
null | 11.89% Cap Rate

614-616 State Route 116 Hwy
Germantown Hills, IL 61548


OVERVIEW

This 6,168 SF office building is conveniently located in between Germantown Hills and Metamora. It could be an excellent investment or opportunity for you to locate your business in the vacant 1500 SF (just listed for lease at $1600/mo modified gross plus utilities) and have rental income from the leased spaces. Current long term tenant just signed a new lease and occupies 75% of the building - 1500 SF main floor and the lower unit with full kitchen, restroom and two garages. Projected rents are $61,200 and projected expenses are $14,235 (taxes, insurance, lawn/snow/garbage). The property includes a generous size parking lot, is all ADA compliant, and has business park association/co-ownership for access to the surrounding land, septic and water.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

11.89%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

614-616 State Route 116

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

08-26-101-002

ASK ABOUT THIS PROPERTY

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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