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    4472 Lawn Avenue

    Western Springs, IL 60558
    • $1,965,000
    • STATUS: Active
    • ON SITE: 179 Days
    • MLS #: 11069272
    UPDATED: 53 min ago
    $1,965,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,836
      SQFT
    • $337
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1966
    County:

    School Ratings & Info

    Description

    The offering is a multi-tenant 5,836 square foot mixed-use building that includes apartment, office and retail space. Currently leased to @properties, BB Donuts and an apartment user. There is a modified gross lease in place that expires in June, 2028 with 2.5% annual increases. @properties will sign an amendment to the lease at closing extending the base term for a full 7 years. Additionally there are 3 five (5) year options to renew that lease. BB Donuts has a lease until September 2023 Due to its mixed used status, the real estate taxes are only $1.98 per square foot and @properties is responsible for 44% of the taxes. Attractively priced at an 6.4% CAP Rate based on current income, this offering provides an investor a very attractive return with a strong tenant in place

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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 2021-10-24T23:59:31.85 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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    4472 Lawn Avenue Western Springs, IL 60558

    • Price: $1,965,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 11069272
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,836
    SQFT
    $337
    $/SQFT
    1966
    Built
    Neighborhood:
    Western Springs
    County:
    Cook
    Area:
    Western Springs
    Property Description
    The offering is a multi-tenant 5,836 square foot mixed-use building that includes apartment, office and retail space. Currently leased to @properties, BB Donuts and an apartment user. There is a modified gross lease in place that expires in June, 2028 with 2.5% annual increases. @properties will sign an amendment to the lease at closing extending the base term for a full 7 years. Additionally there are 3 five (5) year options to renew that lease. BB Donuts has a lease until September 2023 Due to its mixed used status, the real estate taxes are only $1.98 per square foot and @properties is responsible for 44% of the taxes. Attractively priced at an 6.4% CAP Rate based on current income, this offering provides an investor a very attractive return with a strong tenant in place
    Interior Features

    Cooling Central Air Heat Ventilation Central Heat/Indiv Controls Number Of TLDocks 0

    Property Features

    Additional Parcels YN No Building Area Total 5836 Electric Circuit Breakers Fire Protection Other Leasable Area 5600 Net Operating Income 133663 Property Offered For Sale Only Property Sub Type Other Tax Annual Amount 11581 Tax Year 2019 Tenant Pays Common Area Maintenance Type Retail/Stores

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of @Properties Commercial.


    © 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 2021-10-24T23:59:31.85 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