9140 Broadway AveBrookfield, IL 60513

For Sale
$249,900

2,000 SF Office, 8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This 2,000 square foot Class C office building in Brookfield, IL, is available for $249,900. Built in 1950, this single-story property sits on a 3,125 square foot lot and features ten individual, lockable rental suites of varying sizes. The building includes a shared reception area and conference room, and a large three-room suite in the rear with both front and rear access. Amenities include central air conditioning, and utilities (heat, water, garbage) are included in the current rental terms. A detached two-car garage (400 sq ft) with alley access is also rented separately. The property boasts newer rear cement walkways. Currently 60% occupied, with an occupancy date of April 3, 2024, the building offers a strong NOI of $20,000 and a pro-forma NOI of $60,000, resulting in an 8% cap rate and a pro-forma cap rate of 24.01%. The permitted zoning is "C". This property presents a compelling investment opportunity.

Highlights

  • 2,000 SF Class C office building in Brookfield, IL, listed at $249,900.
  • Single-story, 1950 construction on a 3,125 SF lot.
  • Ten individual lockable suites, shared reception, conference room, and a large three-room suite.
  • Central A/C; utilities (heat, water, garbage) included in current leases.
  • Detached two-car garage (400 SF) with alley access (rented separately).
  • 60% occupied, April 3, 2024 occupancy; $20,000 NOI, $60,000 pro-forma NOI; 8% cap rate, 24.01% pro-forma cap rate.

Property Details for 9140 Broadway Ave

Property type
Other office properties, Office space
Square Feet
2,000 SF
Class
C
Year Built
1950
Buildings
1
Stories
1

Location Insight

City
Brookfield
County
Cook
State
Illinois
Latitude
41.8284576
Longitude
-87.8508893
9140 Broadway Ave, Brookfield, Illinois

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9140 Broadway Ave
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