16
See all 16 photos
$1,200,000
Est. payment /mo
12,000 SqFt
Active Under Contract
106 E Schoolhouse E Road Yorkville, IL 60560
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UPDATED:
11/19/2024 08:49 PM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $100
MLS Listing ID 12164448
Year Built 1970
Annual Tax Amount $19,085
Tax Year 2023
Lot Size 1.060 Acres
Lot Dimensions 1.06AC
Property Description
Rare opportunity to purchase a fully leased 12,000 SF multi-tenant building in rapidly growing Yorkville! Selling due to retirement after 30+ years of ownership, this actively managed asset is now primed for continued cash flow with considerable appreciation lying between a lively downtown and ever expanding residential development to the south. A total of 8 office/retail units comprise the first floor including a new five year lease to a child daycare occupying 3,150 SF. The second floor consists of six fully leased apartments: 2-one bedroom units and 4-two bedroom units. Units are spacious, mostly updated, and very easy to rent. All but one unit has a balcony. Coin operated laundry and storage lockers are located on main level. All tenants in the building are on year-to-year leases or longer; many of whom have been leasing their unit for 4 years or greater. Contact agent for rent roll details including tenants, lease rates, expenses, etc. Major improvements completed in 2024: complete tear off and replacement of roof, 2 furnaces, 1 new A/C, new flooring and paint in daycare. On site is a fenced in playground for the daycare, 2 car garage with attached storage space, two additional storage sheds, as well as a large green space that could be utilized for future development or expanded parking. Do not disturb the tenants- list agent must be present for all showings. Showings will typically require a 48 hour notice. Don't let this one pass you by- call for private showing!
Location
State IL
County Kendall
Zoning COMMR
Interior
Cooling Central Air, Central Individual, Window Unit(s)
Fireplace N
Exterior
Utilities Available Water-Municipal
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick,Wood Frame
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Mike Waseen • john greene Commercial
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