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9001 US Route 12,  Richmond IL, 60071

(Active)
$495,000
|
|
MLS# 11616390
Last Updated: 5/19/2024 4:23 AM
Description for 9001 US Route 12 Richmond, IL 60071
FULLY LEASED INVESTMENT OR USER/INVESTOR OPPORTUNITY 2-UNIT AUTO CENTER 100% leased 2-unit automotive building with long leases thru 2029". Pete's Paint Works & Medina Cars are both long term tenants (since 1986 and 2016). All masonry building on US Highway 12. Pete's Paint address is 9001 and Medina Cars is 9003. (*) Medina expires 2026 with an option to renew thru 2029. Original building built in 1959 with additions. New Membrane roof and overhead doors. USER/INVESTOR POTENTIAL-Auto body tenant will move out for a buyer who needs his 2800 sf space. 8.7% CAP rate. Ask broker for rent roll and operating statement. Owner is a licensed Illinois Broker.
Price
$495,000
Mc Henry
11616390
Active
Description
FULLY LEASED INVESTMENT OR USER/INVESTOR OPPORTUNITY 2-UNIT AUTO CENTER 100% leased 2-unit automotive building with long leases thru 2029". Pete's Paint Works & Medina Cars are both long term tenants (since 1986 and 2016). All masonry building on US Highway 12. Pete's Paint address is 9001 and Medina Cars is 9003. (*) Medina expires 2026 with an option to renew thru 2029. Original building built in 1959 with additions. New Membrane roof and overhead doors. USER/INVESTOR POTENTIAL-Auto body tenant will move out for a buyer who needs his 2800 sf space. 8.7% CAP rate. Ask broker for rent roll and operating statement. Owner is a licensed Illinois Broker.
Listing Information
Property Type: Business Opportunities, Other
1959 Block,Brick
Richmond//
Concrete Perimeter
2 Total
Special Use
Neighborhood
Room Information
Interior Features
Concrete
Other
Exterior / Lot Features
50 Parking Spaces,
Brick, Block
Membrane
278 X 200 X 188 X150
COMMR
Driving Directions
1/4 mile North of the stop light intersection of Route 12 and Route 31, PIQ at RR tresell
Financial Considerations
0421100011
$7,292
Listing Price History

Richmond Real Estate

Richmond is located in Illinois. Richmond, Illinois 60071 has a population of 1,673.

The median household income in Richmond, Illinois 60071 is $87,255. The median household income for the surrounding county is $87,114 compared to the national median of $66,222. The median age of people living in Richmond 60071 is 40 years.

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Courtesy: Premier Commercial Realty
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/19/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

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This content last refreshed on 5/19/2024 4:23 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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