6158 S Harlem Avenue, SUMMIT IL 60501 Photo 1 6158 S Harlem Avenue, SUMMIT IL 60501 Photo 2 6158 S Harlem Avenue, SUMMIT IL 60501 Photo 3 6158 S Harlem Avenue, SUMMIT IL 60501 Photo 4 6158 S Harlem Avenue, SUMMIT IL 60501 Photo 5 6158 S Harlem Avenue, SUMMIT IL 60501 Photo 6
Listing Courtesy of @Properties

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6158 S Harlem Avenue - GREAT CASH FLOWING INVESTMENT PROPERTY WITH AN 8.8% CAP RATE. CURRENT TENANT HAS BEEN IN PLACE 4 YEARS WITH 4 YEARS REMAINING ON LEASE AND IS SUCCESSFUL AUTO SALES AND SERVICE WITH TRIPLE NET (NNN) LEASE. OPTION FOR 3% ANNUAL INCREASE AND 5 YEAR RENEWAL. NEWLY REMODELED TWO-STORY BRICK OFFICE BUILDING WITH TWO RESTROOMS AND OUTDOOR SPACE FOR 50-55 VEHICLES. SERVICE AREA INCLUDES 3 BAYS WITH OVERHEAD DOORS. BUSY, HEAVILY TRAFFICKED COMMERCIAL CORRIDOR RIGHT ON HARLEM AVENUE. DO NOT DISTURB TENANT. SHOWN BY APPOINTMENT ONLY WITH 48 HOUR NOTICE.

Listing information

  • MLS® ID: 09653189
  • Status: Active
  • New Construction: No
  • County: Cook
  • Style: Retail / Hospitality / Service
  • Stories: 2
  • Foreclosure: No
  • Year Built: 1959
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $4,036

Features

Air Conditioning Central Air
Approximate Age Older
Current Use Commercial
Electrical Service Circuit Breakers
Exterior Building Type Brick
Financial Amounts for Total Building (Rental Only) Yes
Fire Protection Alarm Monitored
Franchisor Feed(y/n) No
Frontage/Access City Street
Geographic Locale Southwest Suburban
Heat/Ventilation Forced Air, Gas
Indoor Parking 1-5 Spaces
Information 48-Hr Notice Required, No Sign on Property
Investment (Y/N) Yes
Misc Inside Overhead Door/s, Public Restroom/s
Other # Of Drive In Doors - 3, # Of Tenants - 1, # Of TL Docks - 0, # Of Units - 1, Approx Total Bldg Sq Ft - 2771, Ceiling Height (Ft) - 13, Expense Year - 2015, Gross Rentable Area - 1950, Gross Rental Income $ - 4120, Net Oper Income $ - 49440, Net Operating Income Year - 2015, Net Rentable Area - 1950, Tax Year - 2015, Total Annual Exp - 0, Total Annual Income - 49440, Total Monthly Income - 4120, Township - Lyons, Zoning Type - Commr
Outdoor Parking 51-100 Spaces
Ownership Type Limited Liability Corp
Potential Use Commercial, Retail
Property Offered For Sale Only
Property Type Retail/Stores
Tenant Pays Air Conditioning, Common Area Maintenance, Electric, Heat, Insurance, Janitorial, Operating Stops, Real Property Taxes, Repairs and Maintenance
Unincorporated (Y/N) No
Listing Courtesy of @Properties