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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$999,000

Est. payment - /mo

2,640 SqFt

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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 2,640 sqft

Price per Sqft $378

MLS Listing ID 12575362

Year Built 1971

Annual Tax Amount $10,121

Tax Year 2024

Lot Dimensions 98x267x96x257

Property Sub-Type Industrial

Property Description

THIS PROPERTY IS OFFERED UNDER A TRIPLE NET LEASE, FULLY GUARANTEED BY A LARGE CORPORATE TENANT, PROVIDING STRONG AND RELIABLE INCOME. THE TENANT IS RESPONSIBLE FOR ALL UTILITIES, PROPERTY TAXES, REPAIRS, AND MAINTENANCE, MAKING THIS A TRULY PASSIVE, ARMCHAIR INVESTMENT. AN EXCELLENT OPPORTUNITY FOR INVESTORS SEEKING STABLE RETURNS, AND IDEAL FOR A 1031 EXCHANGE. 8% Cap Rate Return on Investment! The building offers an expansive open garage space with five 12-foot overhead drive-in doors - three positioned at the front and two at the rear - allowing for seamless access, efficient workflow, and excellent loading flexibility. The impressive 18-foot ceiling height provides ample vertical clearance for equipment, storage, or specialized operations. The first floor includes a welcoming reception area, restroom, storage room, and dedicated laundry space, offering practical functionality for a variety of business needs. The second floor provides additional office and storage space, ideal for administrative operations or expanded use. This property combines strong income stability with versatile industrial features, making it an outstanding addition to any investment portfolio.

Location

State IL

County Dupage

Area Carol Stream

Zoning COMMR

Interior

Cooling Central Air

Flooring Concrete

Fireplace N

Building

Dwelling Type Industrial

Structure Type Brick,Block

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Listed by Ronald Ohr of Avenue 1 Realty Group

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent License ID: 475.188206

26w287 Saint Charles RD Carol Stream, IL 60188

Garrett Johnson

Key Details

Location

Interior

Building

Nearby School & Business

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