604 Rollins RdIngleside, IL 60041

For Sale
$625,000

High-return USPS-leased retail building. 7-year lease remaining.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 3,091 square foot storefront building located at 604 Rollins Rd, Ingleside, IL 60041. Currently 100% occupied by the United States Postal Service under a triple-net (NNN) lease, this single-tenant property offers a secure, long-term investment with a substantial return. The building, constructed in 1961, sits on a 0.37-acre lot and is zoned B-3. The current lease has seven years remaining, with the tenant prepared to extend for an additional five years. The USPS is responsible for typical maintenance and real estate taxes, minimizing the owner's operational responsibilities. The property boasts a net rentable area of 2,627 square feet, with an asking price of $625,000, translating to $202.20 per square foot. Its prime location across from the Metra commuter train station on busy Rollins Road in Lake County, Illinois, ensures high visibility and accessibility. This is a rare chance to acquire a stable, income-producing asset with a strong tenant and a long-term lease. The property features one story and one building. The APN is 05141100120000.

Highlights

  • $625,000 asking price for a USPS-leased storefront.
  • NNN lease, single tenant, 100% occupancy.
  • 7-year lease term (5-year extension possible).
  • 2,627 square feet of net rentable space in a 3,091 square foot building.
  • $202.20 per square foot.
  • Located at 604 Rollins Rd, Ingleside, IL 60041, on a 0.37-acre lot.

Property Details for 604 Rollins Rd

Property type
Other retail properties, Individual retail properties
Square Feet
3,091 SF
Year Built
1961
Buildings
1
Stories
1
Lot Size (sq. ft)
16,117 SF
Units
1

Location Insight

City
Ingleside
County
Lake
State
Illinois
Latitude
42.384128919104
Longitude
-88.153896467937
604 Rollins Rd, Ingleside, Illinois

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604 Rollins Rd
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