168 Peterson RdLibertyville, IL 60048
For Sale
$2,162,000
High-yield, stabilized income property
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- 17,365 SF industrial property in Libertyville, IL, on a 2.08-acre lot (APN: 11-09-101-002-0000, 11-09-101-003-0000, 11-09-100-011-0000), zoned C-3.
- 100% occupied, single-tenant net lease with St. Vincent de Paul; 3.9-year remaining lease term (11/01/2023 - 10/31/2028) with 2.5% annual rent bumps.
- Modified net lease; landlord responsibilities limited to real estate taxes, insurance, and capital repairs/replacements.
- Multiple income streams: St. Vincent de Paul lease, two long-term cell tower leases, and a month-to-month lease with TransCargo for a vacant lot.
- Asking price: $2,162,000 ($124.50/SF, 8.21% cap rate, $177,563 NOI); one 5-year lease option available.
Property Details for 168 Peterson Rd
- Property type
- Other retail properties, Other industrial properties
- Square Feet
- 17,365 SF
- Year Built/Renovated
- 1985/2016
- Stories
- 1
- Lot Size (sq. ft)
- 90,605 SF
Location Insight
- City
- Libertyville
- County
- Lake
- State
- Illinois
- Latitude
- 42.3066871
- Longitude
- -87.9629606
168 Peterson Rd, Libertyville, Illinois
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