3344 S. Route 59. Naperville, IL
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 3344 S. Route 59. Naperville, IL |
| Price | $2,125,000 |
| Units | 10 |
| Contact Agent | |
| Name | Tim Keenan |
| Phone | 773.327.9300x206 |
| timk@crer.com | |
| Description | |
|
Recently foreclosed, Completely Stabilized, Retail Strip Center in Naperville. Receiver has completed all deferred maintenance including roof repair, parking lot lights, cold weather maintenance, etc...The building is currently divided into 7 units of which 5 are occupied (45%). Tenants are all stable and surviving the downturn in the market. RENTS HAVE ALREADY BEEN RENEGOTHIATED FOR THE CURRENT MARKET CONDITIONS
Located 28 miles west of Chicago, Naperville, Ill., is home to approximately 145,000 people. This vibrant, thriving city consistently ranks as a top community in the nation in which to live, raise children and retire. The city is home to acclaimed public and parochial schools, the best public library system in the country, an array of healthcare options and an exceptionally low crime rate. Naperville has ready access to a variety of public transportation, housing and employment options. The city' s diversified employer base features high technology firms, retailers and factories, as well as small and home-based businesses. Residents also enjoy world-class parks, diverse worship options, the opportunity to serve on several city boards and commissions, a thriving downtown shopping and dining area, a renowned living history museum known as Naper Settlement and an active civic community. |
|
| Summary - Operating Information | |
| Price | $2,125,000 |
| Number of Units | 10 |
| Capitalization Rate | 10% |
| Approximate Square Feet | 15,000 |
| Price Per SF | $141.67 |
| Expenses | |
| Net Operating Income | $212,500 |
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.