Property Listing No Longer Available for Sale

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
UpdatedMay 28th, 2020
TypeRetail
Price$629,000
Building3,900 Sq. Ft.
Land0.49 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)



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