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19560 Burnham Avenue

Lynwood, IL 60411
  • $580,000
  • STATUS: Active
  • ON SITE: 205 Days
  • MLS #: 11038003
UPDATED: 62 min ago
$580,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,761
    SQFT
  • $86
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

Description

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 7.24% 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 1960 on 19,470 square foot lot located across from the Lansing Municipal Airport. 2nd PIN/lot included for another 13,940 sf, total of 3/4 acres. Property located near the intersection of Burnham Ave and Glenwood Lansing Road where 24,100 vehicles pass each day. Easy investment to manage!

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-22T23:00:50.693 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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19560 Burnham Avenue Lynwood, IL 60411

  • Price: $580,000
  • Status: Active
  • Updated: 62 min ago
  • MLS #: 11038003
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,761
SQFT
$86
$/SQFT
1970
Built
Neighborhood:
Lynwood
County:
Cook
Area:
Lynwood
Property Description
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 7.24% 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 1960 on 19,470 square foot lot located across from the Lansing Municipal Airport. 2nd PIN/lot included for another 13,940 sf, total of 3/4 acres. Property located near the intersection of Burnham Ave and Glenwood Lansing Road where 24,100 vehicles pass each day. Easy investment to manage!
Exterior Features

Exterior Building Type Block Frontage Type Public Road Parking Total 20

Interior Features

Cooling Central AirOffice Only Heat Ventilation Central Bldg HeatGas Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Building Area Total 6761 Current Use Commercial Electric Circuit Breakers Fire Protection Fire Extinguisher/S Gross Income 61369 Gross Scheduled Income 61369 Leasable Area 6761 Location Industrial Area/Campus Net Operating Income 42000 Number Of Tenants 1 Operating Expense 2000 Property Offered For Sale Only Property Sub Type Automotive Tax Annual Amount 17369 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerStructureSewer Total Monthly Income 5114 Township Bloom Type Retail/Stores Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Weichert, Realtors The Home Team.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-22T23:00:50.693 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Ryan Dallas Real Estate
4112C Fieldstone Road
Champaign IL, 61822