Investment Property in Johnsburg

Overview

  • Investment For Sale
  • 2420 Johnsburg Road, Johnsburg, IL 60051.
  • Price: $540,000
  • 5,250 sq. ft.

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Highlights

  • 8.4% CAP Rate
  • Mixed Use
  • Seller is a licensed real estate broker

Mixed use investment on busy Johnsburg Road. Low maintenance 5-unit neighborhood strip (4 stores and one 2 bedroom apartment) in the heart of Johnsburg. Original building completely rehabbed in 1992 and 3 units added at that time. Expansion possibilities with city sewer. Seller plans to sell building fully leased. 5-unit bldg on 0.8 acre lot. Pro-forma shows 8.4% CAP. Ask for rent roll and operating statement.

If you’re a candidate for being a user/investor, there are two possibilities for your own business. (Unit A—1,000 SF or Unit D 1,250 SF). Another possibility is adding a small apartment building on the back surplus land on this .8 are site and/or the adjacent 1 acre vacant site to the west (being sold separately. Owner is a licensed real estate broker.

 

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