361 Gary Avenue, CAROL STREAM IL 60188 Photo 1 361 Gary Avenue, CAROL STREAM IL 60188 Photo 2 361 Gary Avenue, CAROL STREAM IL 60188 Photo 3 361 Gary Avenue, CAROL STREAM IL 60188 Photo 4 361 Gary Avenue, CAROL STREAM IL 60188 Photo 5 361 Gary Avenue, CAROL STREAM IL 60188 Photo 6 361 Gary Avenue, CAROL STREAM IL 60188 Photo 7 361 Gary Avenue, CAROL STREAM IL 60188 Photo 8
Listing Courtesy of Baird & Warner

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361 Gary Avenue - High visibility location situated just north of North Ave, traffic light at drive provides easy ingress/egress to Gary Ave. Perfect arrangement for owner/occupant. Currently two units are available for lease and two are occupied. Parking lot accommodates 26 cars. Roof has new lining with six year transferable warranty. Building has 4 units with the deli/liquor store being a double unit. The deli/liquor store has new owners and they do not own the building. Please contact the listing agent to obtain information on the building or lease inquiries. Current Cap Rate is based on only 4 units, with additional unit leased the Cap Rate should be 5.87.

Listing information

  • MLS® ID: 09185874
  • Status: Active
  • New Construction: No
  • County: Du Page
  • Style: Retail / Hospitality / Service
  • Stories: 1
  • Foreclosure: No
  • Year Built: 1978
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $20,433

Features

Air Conditioning Central Individual
Approximate Age 36-50 Years
Backup Info Existing Survey, Tax Bill
Construction Concrete Block
Current Use Commercial
Electrical Service 101-200 Amps, Separate Meters
Exterior Building Type Brick, Steel Siding
Extra Storage Spaces Available (Y/N) No
Financial Amounts for Total Building (Rental Only) Yes
Fire Protection Alarm On Site
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street, County Road, Signal Intersection
Geographic Locale Chicago West, Far West
Heat/Ventilation Central Heat/Indiv Controls, Forced Air, Gas
Information Show-Special Instructions
Investment (Y/N) Yes
Known Encumbrances None Known
Location Public Transport Avail
Misc Inside Private Restroom/s, Storage Inside
Other # Of Drive In Doors - 0, # Of TL Docks - 0, # Of Units - 4, Approx Total Bldg Sq Ft - 5985, Expense Year - 2015, Gross Rental Income $ - 4000, Net Oper Income $ - 20305, Net Operating Income Year - 2014, Tax Year - 2014, Total Annual Exp - 7262, Total Annual Income - 48000, Total Monthly Income - 4000, Township - Milton, Zoning Type - Commr
Outdoor Parking 19-30 Spaces
Ownership Type Individual
Possession Closing
Potential Use Commercial, Retail
Property Offered For Sale Only
Property Type Retail/Stores
Roof Coverings Membrane, Rubber
Roof Structure Flat
Tenant Pays Common Area Maintenance, Insurance, Real Property Taxes, Repairs and Maintenance, Roof, Scavenger, Structure
Unincorporated (Y/N) No
Utilities To Site Electric to Site, Gas to Site, Sanitary Sewer to Site, Water to Site, Water-Community
Listing Courtesy of Baird & Warner