Description
Fully Leased Office Investment 9.5% CAP Rate. This 100% occupied neighborhood building presents a strong investment opportunity, generating $46,514 in Net Operating Income and priced at a 9.5% CAP rate. Built in 1999, the property sits on a high-visibility corner lot in a well-trafficked neighborhood corridor. The building consists of two tenants fully leased office / glamour suites. Recent capital improvements include a new roof and parking lot resurface in 2020, and many units have been updated in recent years. Additionally, excess land on the north end of the property provides the opportunity for future development, including the potential for a second building with a shared parking lot. Located near the mall, quality residential communities, including 55+, restaurants, and I-72 interstate access. This asset is well-positioned for strong long-term value. For more details, contact a commercial investment broker.
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0BEDS
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1.79ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Fully Leased Office Investment 9.5% CAP Rate. This 100% occupied neighborhood building presents a strong investment opportunity, generating $46,514 in Net Operating Income and priced at a 9.5% CAP rate. Built in 1999, the property sits on a high-visibility corner lot in a well-trafficked neighborhood corridor. The building consists of two tenants fully leased office / glamour suites. Recent capital improvements include a new roof and parking lot resurface in 2020, and many units have been updated in recent years. Additionally, excess land on the north end of the property provides the opportunity for future development, including the potential for a second building with a shared parking lot. Located near the mall, quality residential communities, including 55+, restaurants, and I-72 interstate access. This asset is well-positioned for strong long-term value. For more details, contact a commercial investment broker.
© 2025 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2025-03-19T12:27:59.733.