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777 S Milwaukee Avenue,  Lake Villa IL, 60046

(Active)
$1,499,000
|
21,000 sqft
|
MLS# 09708875
1of
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Last Updated: 10/16/2019 2:37 AM
Description for 777 S Milwaukee Avenue Lake Villa, IL 60046
EXCELLENT INVESTMENT OPPORTUNITY. HIGH VISIBILITY AND HIGH TRAFFIC COUNT WITH 405' OF FRONTAGE ON BUSY RT 83. BUILDING HAS 7 RENTABLE STORE FRONTS AND A 10% CAP RATE WHEN 100% OCCUPIED CURRENTLY 80% OCCUPIED. THERE IS ADDITIONAL SHOP SPACE WITH 12' CEILINGS AND 3 10X10 OVERHEAD DOORS. THERE ARE ALSO 2 RENTABLE OFFICES ABOVE THE SHOP AREA. LOTS OF POTENTIAL TO GENERATE MORE INCOME. LONG LEASES INTACT FOR CURRENT TENANTS. POTENTIAL FOR OWNER FINANCING.
Price
$1,499,000
Lake
21,000 (approx)
09708875
Active
Description
EXCELLENT INVESTMENT OPPORTUNITY. HIGH VISIBILITY AND HIGH TRAFFIC COUNT WITH 405' OF FRONTAGE ON BUSY RT 83. BUILDING HAS 7 RENTABLE STORE FRONTS AND A 10% CAP RATE WHEN 100% OCCUPIED CURRENTLY 80% OCCUPIED. THERE IS ADDITIONAL SHOP SPACE WITH 12' CEILINGS AND 3 10X10 OVERHEAD DOORS. THERE ARE ALSO 2 RENTABLE OFFICES ABOVE THE SHOP AREA. LOTS OF POTENTIAL TO GENERATE MORE INCOME. LONG LEASES INTACT FOR CURRENT TENANTS. POTENTIAL FOR OWNER FINANCING.
Listing Information
Property Type: Retail, 1 Story
21,000 (approx) 1
Other, Sanitary Sewer To Site, Water-Municipal
Neighborhood
Room Information
Interior Features
Central Air
Gas Heat, Forced Air
3
Exterior / Lot Features
None
259X429
COMMR
Corner
Driving Directions
Rte 83 S of 132 ( Grand Ave) to corner of Rte 83 & Morton Dr
Financial Considerations
06044030010000
$51,582
Listing Price History
sourceMLS

Lake Villa Real Estate

Lake Villa is located in Illinois. Lake Villa, Illinois 60046 has a population of 8,702.

The median household income in Lake Villa, Illinois 60046 is $68,642. The median household income for the surrounding county is $67,200 compared to the national median of $49,877. The median age of people living in Lake Villa 60046 is 38 years.

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Courtesy: Realty World Tiffany R.E.
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