1222 S Route 12 Highway, FOX LAKE IL 60020 Photo 1 1222 S Route 12 Highway, FOX LAKE IL 60020 Photo 2
Listing Courtesy of Berkshire Hathaway Homeservices American Heritage

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1222 S Route 12 Highway - A GREAT OPPORTUNITY FOR INCOME ON A PROPERTY WITH A LONG TERM LEASE WITH WELL KNOWN AUTO-SERVICE PROVIDER. ALSO A 1031 EXCHANGE OPPORTUNITY! RENT is $117,000/YEAR, GIVING NET OF $78,000 FOR $990K PRICE, THE CAP IS 7.9%. REMAINING LEASE PERIOD IS 14+ YEARS with options (OF A 25 YEAR TOTAL LEASE for ONE auto service provider.) TWO TENANTS OCCUPY THE BUILDING.

Listing information

  • MLS® ID: 09293630
  • Status: Active
  • New Construction: No
  • County: Lake
  • Style: Retail / Hospitality / Service
  • Stories: 1
  • Foreclosure: No
  • Year Built: 2005
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $33,136

Features

Air Conditioning Central Air
Approximate Age New Construction
Construction Other/Unknown
Current Use Commercial
Electrical Service Circuit Breakers, Other/Unknown
Extra Storage Spaces Available (Y/N) No
Fire Protection Other
Floor Finish Other
Foundation Other
Franchisor Feed(y/n) No
Frontage/Access Frontage Road, Other
Geographic Locale Northwest Suburban
Heat/Ventilation Gas
Information 24-Hr Notice Required
Misc Inside Private Restroom/s
Other # Of Drive In Doors - 0, # Of Tenants - 3, # Of TL Docks - 0, # Of Units - 3, Approx Total Bldg Sq Ft - 6251, Expense Year - 2015, Gross Rentable Area - 6251, Gross Rental Income $ - 9776, Net Oper Income $ - 78000, Net Operating Income Year - 2015, Net Rentable Area - 6251, Tax Year - 2015, Total Annual Exp - 39000, Total Annual Income - 117000, Total Monthly Income - 6500, Township - Grant, Zoning Type - Rtail
Outdoor Parking 31-50 Spaces
Ownership Type Corporation
Potential Use Commercial, Other, Retail
Property Offered For Sale Only
Property Type Retail/Stores
Roof Coverings Other
Tenant Pays Other
Unincorporated (Y/N) Yes
Utilities To Site None
Water Drainage None
Listing Courtesy of Berkshire Hathaway Homeservices American Heritage