bedrooms
0
bathrooms
0
square feet
5,000
Acreage
-
Open Houses
-
year built
1920
Full Baths
0
Half Baths
0
100% LEASED INVESTMENT PROPERTY WITH GROUND FLOOR RETAIL SPACE WITH FOUR (1 BEDROOM, 1 BATHROOM) APARTMENTS UPSTAIRS. 5,000 SF building with a full basement and a history of high occupancy. Just one block east of Sheridan Rd on the only road to North Point Marina. 10% CAP rate at full asking price using actual 2024 operating income and expenses. Retail store (The Sweet Stop) pays rent and utilities while the separately metered all electric apartment bills are paid by the tenants. Building very well maintained with new blacktop to rear parking lot in 2019, replaced iron steps to rear second floor building entrance in 2021 and west wall brick corner replaced in 2023 and tuckpointed. Membrane roof about 11 - 12 years old and inspected last Fall. Large municipal parking lot just east of the property and there is additional street parking. Priced right for the savvy investor.
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County | Lake |
Elementary School | - |
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Tell us who you are, and we will have someone reach out to you.
MLS number: 12299162
Listing agent:
John Steele
#471003805
Listing broker:
Re/Max Showcase
(847) 596-6100
Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Saturday, March 8 2025 at 12:01 a.m. EST
Kotohomes National
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