2019 Main Street RdSpring Grove, IL 60081

For Sale
$309,000

Fully leased, 5,000 SF retail/office center.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully leased, mixed-use property ideally situated at 2019 Main St Rd, Spring Grove, IL 60081. The 5,000 square foot building, constructed in 1951 and extensively renovated in 2012, comprises four units currently generating a strong net operating income (NOI) of $19,683, resulting in a 6.37% capitalization rate. The property boasts long-term tenants and benefits from a newer roof and electrical system, ensuring minimal maintenance needs. Each unit enjoys separate utilities, access to city water and sewer, and high-speed internet. Three-phase electric is also available. Shared common washrooms add convenience. The property's desirable location offers a prime commercial setting, further enhanced by its picturesque backing onto Nippersink Creek. The B2 zoning provides flexibility for future uses. This single-story building represents a stable and lucrative investment opportunity in a thriving Illinois community. The property is conveniently located in McHenry County.

Highlights

  • $309,000 asking price for a mixed-use property.
  • 5,000 square foot building with four units.
  • 6.37% cap rate with a $19,683 NOI.
  • Located at 2019 Main St Rd, Spring Grove, IL 60081.
  • Fully leased retail/office center built in 1951, renovated in 2012.

Property Details for 2019 Main Street Rd

Property type
Lifestyle centers, Power centers
Square Feet
5,000 SF
Year Built/Renovated
1951/2012
Buildings
1
Stories
1
Units
4

Location Insight

City
Spring Grove
County
McHenry
State
Illinois
Latitude
42.4440487
Longitude
-88.2374408
2019 Main Street Rd, Spring Grove, Illinois

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2019 Main Street Rd
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