Carol Stream, IL 60188,1348-1356 W Army Trail Road
Carol Stream, IL 60188,1348-1356 W Army Trail Road
Carol Stream, IL 60188,1348-1356 W Army Trail Road
4
$1,055,000
$1,250,000
15.6%
Est.Price: ?

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5,450 SqFt

1348-1356 W Army Trail Road Carol Stream, IL 60188

Est. payment /mo
SOLD DATE : 12/12/2024

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Key Details

Sold Price $1,055,000

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Sold

Purchase Type For Sale

Square Footage 5,450 sqft

Price per Sqft $193

MLS Listing ID 12079505

Sold Date 12/12/24

Annual Tax Amount $21,350

Tax Year 2022

Lot Dimensions 0.71 ACRES

Property Description

Prime Investment Opportunity: Fully Occupied Strip Mall in Carol Stream-- Steady Income: The property is fully leased, ensuring a consistent and reliable income stream from established tenants.... High Visibility: Located in a high-traffic area, the strip mall benefits from excellent visibility and accessibility, attracting a steady flow of customers.... Strong Market: Carol Stream is a vibrant community with a robust local economy, making it an ideal location for retail businesses.... Quality Tenants: The tenant mix includes well established local businesses, providing a diverse and balanced tenant profile..... Investment Benefits: Attractive Cap Rate: An approximately 7% cap rate offers a strong return on investment...... Turnkey Investment: With full occupancy, investors can enjoy immediate cash flow without the need for extensive leasing efforts....... Potential for Growth: The thriving local economy and high demand for retail space in Carol Stream present opportunities for rental growth and property value appreciation..... Additional Features: Ample Parking: The strip mall provides ample parking for customers, enhancing convenience and foot traffic for tenants...... Well-Maintained Property: The property has been well-maintained, reducing the need for immediate capital expenditures and ensuring a smooth transition for the new owner......

Location

State IL

County Dupage

Zoning COMMR

Interior

Cooling Central Individual

Fireplace N

Exterior

View Y/N true

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Listed by Pradeep Shukla • American Star Realty
Bought with Pradeep Shukla • American Star Realty

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Joanna Stawarz

Real Estate Broker | License ID: 475184483

+1(773) 510-6834

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