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1405-1419 Washington Road

Washington, IL 61571
  • $370,000
  • STATUS: Active
  • ON SITE: 332 Days
  • ID#: PA1238587
UPDATED: 43 min ago
$370,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Highly visible, 8-unit shopping center located on Washington Road (BUS24). 6 units are currently leased, grossing $44,700 rents per year. Opportunities for new owner to occupy units, or to increase gross income by $1050 per month with the additional rents. Current CAP rate is 9.23%, and fully rented, it would be approximately 12.64%. The building has been recently remodeled in 2020 with new roof tear off, and exterior and interior remodels. NDA for financials, no "For Sale" sign currently on the property.

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© 2023 RMLS Alliance, 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 the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2023-09-22T23:45:02.06.
www.brysonsmithteam.com/homes/134238798
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1405-1419 Washington Road Washington, IL 61571

  • Price: $370,000
  • Status: Active
  • On Site: 332 Days
  • Updated: 43 min ago
  • ID#: PA1238587
0
Beds
0
Baths
0
½ Baths
0.4
Acres
Neighborhood:
Paar Area
County:
Tazewell
Area:
Paar Area
Property Description
Highly visible, 8-unit shopping center located on Washington Road (BUS24). 6 units are currently leased, grossing $44,700 rents per year. Opportunities for new owner to occupy units, or to increase gross income by $1050 per month with the additional rents. Current CAP rate is 9.23%, and fully rented, it would be approximately 12.64%. The building has been recently remodeled in 2020 with new roof tear off, and exterior and interior remodels. NDA for financials, no "For Sale" sign currently on the property.
Exterior Features

Construction Materials BrickConcreteWood SidingBlockFrame Roof Composition Shingle

Interior Features

Building Area Total 8480 Cooling Central Air Flooring CarpetTile/Vinyl Handicap Modified No Heating Forced AirPropane

Property Features

100 Year Flood Plain No Agent Owned No Disclosed Short Sale No Financing Cash OnlyConventional Foreclosure YN No Frontage Type City StreetPaved 4LaneState Road Gross Operating Income 44700 Levels OneBasementFree StandingMulti-Tenant Net Operating Income 28734 Owner Pays Common Area MaintenanceCommon Area MaintenanceTrash Collection Possible Use RetailStrip CenterInvestmentOffice Security System YN Yes Sewer Public Sewer Sprinkler YN No Tax Annual Amount 5433.02 Tax Incentive1 No Tax Year 2021 Tenant Pays ElectricityHeatOtherWater/Sewer Type Commercial Water Source Municipal/City Zoning C2

Listing provided courtesy of Jessica Ball of Re/Max Traders Unlimited: Pref: 309-363-2929.
© 2023 RMLS Alliance, LLC. All Rights Reserved.


© 2023 RMLS Alliance, 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 the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2023-09-22T23:45:02.06.
 
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Bryson Smith Team | Keller Williams Premier Realty
4700 North Prospect Road
Peoria IL, 61616