9001-9003 US Highway 12 - Auto Dealership FOR SALE


Richmond, IL 60071
$435,000 USD
847-507-1759
9001-9003 US Highway 12, Richmond, IL for Sale
$435,000 USD
Auto Dealership - FOR SALE
1/4
null | 10.51% Cap Rate

9001-9003 US Highway 12
Richmond, IL 60071


HIGHLIGHTS

  • Price Reduced 10.50% Cap Rate
  • Owner / User Investment Opportunity

OVERVIEW

AUTOMOTIVE USER/INVESTOR BUILDING 4,000 SF BUILDING 2,800 SF AVAILABLE w/ Long Term Tenant in Adjacent 1,200 SF 2,800 SF space available, with income from long term tenant in adjacent 1,200 SF section of this 4,000 SF 2-unit masonry automotive building for sale on .9 acre on US Hwy 12. Current tenant (Pete’s Paint Works) in 2,800 SF does auto body work, has a lease but wants to retire. Other tenant, (Medina Cars) sells used cars and has a lease through 2026 with option to renew thru 2029, that he expects to exercise. Original building built in 1959 with additions, newer membrane roof, 6 overhead doors and new parking lot in 2023. Ideal user/investor property where you can occupy 2,800 SF and rent out the 1,200 SF. Ask broker for rent roll and operating statement. Owner is a licensed Illinois Broker.

FOR SALE DETAILS

PRICE

$435,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

10.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

GB

APN/PARCEL ID

04-21-100-011

ASK ABOUT THIS PROPERTY

Bruce KaplanPremier Commercial RealtyMore Info
847-507-1759

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

Bruce KaplanPremier Commercial RealtyMore Info
847-507-1759

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