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777 W Bridge Street

MONTICELLO, IL 61856
  • $1,300,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 11763045
UPDATED: 60 min ago

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Description

0ffering medical leased office building with a NOI of $102,000 and long-term lease through 2037 in place. Property is leased to Memorial Health Systems, located in Springfield, Illinois, who acquired the original lessee, Decatur Memorial Hospital. 777 W Bridge in Monticello, Illinois is a 3,992 square foot building and constructed in 2018. Building is situated on 0.52 acres and is leased through 12/31/2037 with a triple net (NNN) lease at $27.00/SF. Memorial Health Systems Memorial Health System, based in Springfield, Illinois, is a leading healthcare organization in downstate Illinois with over 6,700 employees within their network of hospitals. Decatur Memorial Hospital (joined Memorial Health System in October 2019).

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© 2023 Midwest Real Estate Data LLC. 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 MTP, MRED or Main Place Real Estate. Based on information submitted to the MRED as of 2023-06-04T13:58:15.08 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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777 W Bridge Street MONTICELLO, IL 61856

  • Price: $1,300,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 60 min ago
  • MLS #: 11763045
0
Beds
0
Baths
0
½ Baths
0.52
Acres
2018
Built
Neighborhood:
Bement / Bondville / Cerro Gordo / Cisco / Deland / La Place / Mahomet / Mansfield / Milmine / Monti
County:
Piatt
Area:
Bement / Bondville / Cerro Gordo / Cisco / Deland / La Place / Mahomet / Mansfield / Milmine / Monti
Property Description
0ffering medical leased office building with a NOI of $102,000 and long-term lease through 2037 in place. Property is leased to Memorial Health Systems, located in Springfield, Illinois, who acquired the original lessee, Decatur Memorial Hospital. 777 W Bridge in Monticello, Illinois is a 3,992 square foot building and constructed in 2018. Building is situated on 0.52 acres and is leased through 12/31/2037 with a triple net (NNN) lease at $27.00/SF. Memorial Health Systems Memorial Health System, based in Springfield, Illinois, is a leading healthcare organization in downstate Illinois with over 6,700 employees within their network of hospitals. Decatur Memorial Hospital (joined Memorial Health System in October 2019).
Exterior Features

Frontage Type City Street

Interior Features

Cooling Central Air Heat Ventilation Central Bldg Heat Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 1-6 Years Building Area Total 3992 Built Before1978 YN No Electric Service - 101 To 200 Amps Fire Protection Fire Extinguisher/S Geographic Locale Central Illinois Gross Income 122490 Gross Scheduled Income 122490 Leasable Area 3992 Mls Actual Status Active Net Operating Income 102952 Operating Expense 19538 Property Offered For Sale Only Property Sub Type Medical Tax Annual Amount 14817 Tax Year 2021 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsSewer Type Office/Tech Zoning Commr

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Guth & Associates,Llc: 217-778-8305.


© 2023 Midwest Real Estate Data LLC. 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 MTP, MRED or Main Place Real Estate. Based on information submitted to the MRED as of 2023-06-04T13:58:15.08 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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