44 N. Western Avenue, Carpentersville, IL
Retail for Sale - $629,000 - 3,900 Sq. Ft. on 0.49 acres
Property Info
CIMLS# | 1061304 |
Location 44 N. Western Avenue Carpentersville IL 60110 | |
Updated | May 28th, 2020 |
Type | Retail |
Price | $629,000 |
Building | 3,900 Sq. Ft. |
Land | 0.49 acres |
Property Description
Looking for that ideal commercial property? Then look no further as this building offer flexibility plus! Retail ? Yes ! Office? Yes ! C - 2 zoning offers so many potential uses. Here you'll find 3900 sq. ft. up AND 3900 sq. ft. in the lower level which features dual overhead doors to accommodate indoor vehicle parking along with an 11 ft ceiling height. High traffic locale just minutes from the Jane Addams Expy and a short drive to O'Hare. The main level is currently built out as two separate units making it a great fit for a 1031 exchange investor and / or someone looking for investor + owner occupant options. The current owner will lease back space providing built in income for the first 12 months. Gross Rental Income, Total Annual Income, Net Operating Income and the Cap Rate are all pro forma (projected) based and not factoring in any rent abatement. Don't miss out on this opportunity. Make your appointment to see this today!
Financials
Pro Forma (Projected)
Total Income Annual = 68,250
Total Annual Expenses = 18,164
Annual NOI = 50,086
Cap Rate = 7.96
(Expenses exclude gas & electric as they are tenant paid)