$2,075,000
$2,200,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
6,820 SqFt
SOLD DATE : 04/13/2023
Key Details
Sold Price $2,075,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 6,820 sqft
Price per Sqft $304
MLS Listing ID 11703628
Sold Date 04/13/23
Year Built 2003
Annual Tax Amount $113,049
Tax Year 2021
Lot Dimensions .83 ACRES
Property Sub-Type Retail/Stores
Property Description
Retail Mall built in 2003. There are five strong tenants with multiple lease extensions. The property is in excellent condition with 47-legal parking spaces including handicap. The location is in a very strong retail portion of Wheeling. Next store neighbors are McDonalds and Walgreens, and across the street is a brand new Popeyes. The cross street is Willie Ave. There is a total of 6,820 usable space. Zero vacancy. Fantastic traffic count. Very strong investment with a 7.25 cap rate. Asking price is $2.2 Million. Tenants Are: Jimmy Johns 1,618 Sq. Ft. Discount Smoke 1,091 Sq. ft. May's Lounge 1,950 Sq. Ft. Panda Express 2,146 Sq. Ft. Please do not disturb tenants.
Location
State IL
County Cook
Area Wheeling
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Building
Level or Stories 1
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Bought with Jenny Lim-Spiggos • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "