Listing provided courtesy of eXp RealtyMREDas Distributed by MLSGrid- MLS# 12048739
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Request Info105 IL-71Newark, IL 60541
Commercial · 9,520 Sq. ft.$1,995,000
Active
105 IL-71 Overview
- Time on Site:
- 783 days
- Visits:
- 2
Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!
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105 IL-71 Facts & Features
- Type Commercial
- Sq. ft. 9,520
- Price/Sq.ft. $210
Details
General
Association/HOA
- Association Fee Frequency: Not Applicable
Income/Expenses
- Existing Lease Type: Net
- Gross Income: 142800
- Gross Scheduled Income: 142800
- Net Operating Income: 142800
Building Information
- Year Built: 2007
Business Information
- Current Use: Commercial
Location/Region
- County Or Parish: Kendall
- MLS Area Major: Newark
- Township: Big Grove
Rent/Lease Information
- Tenant Pays: All Utilities, Trash Collection
Tax Information
- Tax Annual Amount: $16,308.00
- Tax Year: 2022
General Information
- Parcel Number: 0706402005
- Property Sub Type: Retail
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Interior
- Building Area Total: 9520
General Information
- Cooling: Central Air
- Electric: Circuit Breakers
- Foundation Details: Concrete Perimeter
- Leasable Area: 9520
- Stories: 2
Unit Information
- Unit SqFt.: 9520
Exterior
Lot Information
- Additional Parcels: No
- Frontage Type: County Road
- Lot Size Dimensions: 230X317X240X303
- Lot Size Square Feet: 78137
Building Exterior/Construction
- Construction Materials: Steel Siding
- Roof: Metal
General Information
- Number Of Units Total: 1
105 IL-71 Neighborhood
Community
60541 (Newark) Demographics
37
Median Age
43
Population Density (per sq. mile)
42%
College Educated
$94,653
Estimated Median Income
987
Estimated Total Home Owners
160
Estimated Total Renters
86% / 14%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.105 IL-71 Monthly Cost
105 IL-71 Market Data
Based on the last 30 days in this zip code
$818,475
Average List Price
$377
Average Price per Square Foot
3
Properties Sold
96
Average Days on Market
4
Properties for Sale
105 IL-71 History
| Date | Value | Agent |
|---|---|---|
| 5/12/2024Source: MRED | Active |
|
| 5/7/2024Source: MRED | May 07, 2024 |