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    777 S Milwaukee Avenue

    Lake Villa, IL 60046
    • $1,200,000
    • STATUS: Active
    • ON SITE: 1349 days
    • MLS #: 09708875
    UPDATED: 19 min ago
    $1,200,000
    • 0
      BEDS
    • 2.77
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,000
      SQFT
    • $57
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1992
    County:

    School Ratings & Info

    Description

    HUGE PRICE REDUCTION!!! HIGHLY MOTIVATED SELLERS!!! EXCELLENT INVESTMENT OPPORTUNITY. HIGH VISIBILITY AND HIGH TRAFFIC COUNT WITH 405' OF FRONTAGE ON BUSY RT 83. BUILDING HAS 7 RENTABLE STORE FRONTS AND A 10% CAP RATE WHEN 100% OCCUPIED CURRENTLY 80% OCCUPIED. THERE IS ADDITIONAL SHOP SPACE WITH 12' CEILINGS AND 3 10X10 OVERHEAD DOORS. THERE ARE ALSO 2 RENTABLE OFFICES ABOVE THE SHOP AREA. LOTS OF POTENTIAL TO GENERATE MORE INCOME. LONG LEASES INTACT FOR CURRENT TENANTS. POTENTIAL FOR OWNER FINANCING.

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    © 2021 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T20:53:22.547 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 S Milwaukee Avenue Lake Villa, IL 60046

    • Price: $1,200,000
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 09708875
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.77
    Acres
    21,000
    SQFT
    $57
    $/SQFT
    1992
    Built
    Neighborhood:
    Lake Villa / Lindenhurst
    County:
    Lake
    Area:
    Lake Villa / Lindenhurst
    Property Description
    HUGE PRICE REDUCTION!!! HIGHLY MOTIVATED SELLERS!!! EXCELLENT INVESTMENT OPPORTUNITY. HIGH VISIBILITY AND HIGH TRAFFIC COUNT WITH 405' OF FRONTAGE ON BUSY RT 83. BUILDING HAS 7 RENTABLE STORE FRONTS AND A 10% CAP RATE WHEN 100% OCCUPIED CURRENTLY 80% OCCUPIED. THERE IS ADDITIONAL SHOP SPACE WITH 12' CEILINGS AND 3 10X10 OVERHEAD DOORS. THERE ARE ALSO 2 RENTABLE OFFICES ABOVE THE SHOP AREA. LOTS OF POTENTIAL TO GENERATE MORE INCOME. LONG LEASES INTACT FOR CURRENT TENANTS. POTENTIAL FOR OWNER FINANCING.
    Exterior Features

    Construction Materials BrickWood Frame Foundation Details Concrete Perimeter Frontage Type State Road Location Commercial Business ParkCorner Number Of Drive In Doors 3 Number Of TLDocks 0 Outdoor Parking 51-100 Spaces Parking Total 75 Roof Composition Roof Structure Gable

    Interior Features

    Cooling Central Air Electric Circuit Breakers Fire Protection Other Heat Ventilation Forced AirGas Indoor Parking 6-12 Spaces Leasable Area 22000

    Property Features

    Additional Parcels YN Yes Current Use Commercial Expense Year 2018 Exterior Building Type BrickCedar Geographic Locale North Suburban Gross Income 179508 Gross Scheduled Income 179508 Lot Size Dimensions 259X429 Min Avail Sq Ft Rentable 1200 Operating Expense 20150 Possible Use CommercialRetail Property Offered For Sale Only Tax Annual Amount 51582 Tax Year 2018 Tenant Pays Other Total Monthly Income 14959 Unincorporated YN Yes Utilities Sanitary SewerWater-Municipal Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Realty World Tiffany R.E..


    © 2021 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T20:53:22.547 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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    St John IN, 46373