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618-277-4400

Net Lease Investment Offering

$695,000

Listing Resources

Listing Description

Net Lease Investment Offering. Located in Swansea TIF I and Business District. Hard Corner of IL Route 159 (N. Illinois) & IL Route 161 (North Belt West) in Swansea, IL. Currently Leased to TitleMax thru August 2023. Join Aldi’s & Bank of America on the Southwest Corner. Cross Corners include Jack in the Box, CVS and Bank of Springfield.

Reduced Sale Price: $ 695,000

Listing Details

Settings
Listing No : 2100
Sale Or Lease : For Sale
Property Type(s) : Investment, Land, Office, Office - General Office, Retail - Freestanding
Building Size (Sqft) : 1,827 Sqft
Lot Size (Acres) : 0.38 Acre(s)
Total Sqft Available : 1,827 Sqft
Sale Price : $695,000
Sale Price Per Sqft : $38
CAP Rate : 5.87%
GRM : 17.03
NOI : $34,063
Building Total Sqft : 1,827 Sqft
Total Sqft Available : 1,827 Sqft
Office : 1,827 Sqft
Retail : 1,827 Sqft
Min Divisible Sqft : 1,827 Sqft
Max Contiguous Sqft : 1,827 Sqft
Parcel No : 08-16.0-406-020
Zoning : Highway Business
Zoning By : Village of Swansea
Prior Use : Office
TIF : Yes
Environmental : Yes
Parking : 28
Parking Surface Type : Asphalt
Property Tax : $6,737
Tax Year : 2018
Traffic Count : 197,000
Year Built : 1971
Rehab Year : 2000
Class : C
Clearance Min : 8 ft
Clearance Max : 12 ft
Exterior : Brick
Floors : 1
Floor Drains : Yes
Acres : 0.38 Acre(s)
Frontage : 191 ft
Depth : 130 ft

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