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618-277-4400

Investment Property - 10% CAP Rate

$295,000

Listing Resources

Listing Description

Investment Opportunity – 10% CAP Rate / NOI $29,508

4,324 SF Office / Retail Center for Sale with (1) 800 SF Suite for Lease

Ideal location on West Blvd with 10,800 ADT Traffic count – near Belleville East High School. Easy access to Lebanon Avenue and IL Route 161

Sale Price: $295,000
Lease Rate: $12.00 per SF, Gross

Listing Details

Settings
Listing No : 2212
Sale Or Lease : For Sale
Property Type(s) : Investment, Office, Office - General Office, Retail, Retail - Store Front Retail
Building Size (Sqft) : 4,324 Sqft
Lot Size (Acres) : 0.42 Acre(s)
Total Sqft Available : 4,324 Sqft
Sale Price : $295,000
Sale Price Per Sqft : $68.22
CAP Rate : 10%
NOI : $29,508
Building Total Sqft : 4,324 Sqft
Total Sqft Available : 4,324 Sqft
Direct Lease : 800 Sqft
Office : 4,324 Sqft
Retail : 4,234 Sqft
Min Divisible Sqft : 800 Sqft
Max Contiguous Sqft : 800 Sqft
Parcel No : 08-14.0-400-050
Zoning : B-1
Zoning By : Belleville
Prior Use : Office/Retail
Parking : 18
Parking Surface Type : Concrete
Property Tax : $1,696.88
Tax Year : 2018
Topography : Level
Year Built : 1987
Class : B
Roof : Metal
Exterior : Concrete Block
Total Acres Available : 0.42 Acre(s)
Min Divisible Acres : 0.42 Acre(s)
Acres : 0.42 Acre(s)
Frontage : 144 ft
Depth : 127 ft
Gross Rental Income : $41,657.40
Insurance : $1,400
CAM : $945
Utilities : $4,507.50
Property Management : $3,600

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