$1,625,010
$1,800,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
16,330 SqFt
SOLD DATE : 01/31/2023
Key Details
Sold Price $1,625,010
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Sold
Purchase Type For Sale
Square Footage 16,330 sqft
Price per Sqft $99
MLS Listing ID 11492027
Sold Date 01/31/23
Annual Tax Amount $19,923
Tax Year 2021
Lot Dimensions 187.12 X 320
Property Description
NNN Leased-Fee property for sale! ATTENTION INVESTORS- 8% CAP RATE!! LEASED FEE INTEREST FOR SALE-EAST DUNDEE MARKET AREA. 16,330 sq ft. special-purpose auto body repair facility built 1995 & 1998. 1.33 acres, fenced, surrounded by new and pre-owned car/auto dealerships, plus new multi-$$million Altorfer Caterpiller sales/service facility. Annexed to East Dundee with TIF#2 as a line item in tax bill (costing $1,857 in 2021) Municipal water, sanitary sewer, police, and fire protection. Taxes 2021 $1.22psf (NNN Lease). Lessee- Service King, a national franchise with possible merger with Crash Champions in advanced discussions. $145,000 NOI through August 2025 with no option for renewal, but possibly could be renewed and/or extended. Lessor responsible for structural, roof. Nearby- Santa's Village Amusement Park -ByRider Pre-owned car sales -Piemonte Chevrolet Sales/Service -Robert Loquercio Ford Sales/Service -Altorfer Caterpiller dealership facility (new) -Max McGraw Wildlife Foundation -Healy Auto Sales -Enterprise Rent-A-Car -Superior Car Credit -Economy Plus Auto Sales/Service Zoning- B-4 East Dundee, Automotive Service District. History- This body shop was part of a Saturn dealership fronting on Rt. 25. The Saturn dealership minus the body shop was sold to ByRider Pre-owned Cars and the body shop was then leased to Service King.
Location
State IL
County Kane
Area Dundee / East Dundee / Sleepy Hollow / West Dundee
Zoning COMMR
Interior
Cooling Central Air, Office Only
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Sewer-Storm Available, Water-Municipal
Waterfront false
Roof Type Other
Building
Level or Stories 1
Structure Type Block
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