$ 1,250,000
1348-1356 W Army Trail RD Carol Stream, IL 60188
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$ 1,250,000
Est. payment /mo
Pending
1348-1356 W Army Trail RD Carol Stream, IL 60188
5,450 SqFt
UPDATED:
08/17/2024 08:34 AM
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Pending
Purchase Type For Sale
Square Footage 5,450 sqft
Price per Sqft $229
MLS Listing ID 12079505
Annual Tax Amount $21,350
Tax Year 2022
Lot Dimensions 0.71 ACRES
Property Description
Prime Investment Opportunity: Fully Occupied Strip Mall in Carol Stream-- Steady Income: The property is fully leased, ensuring a consistent and reliable income stream from established tenants.... High Visibility: Located in a high-traffic area, the strip mall benefits from excellent visibility and accessibility, attracting a steady flow of customers.... Strong Market: Carol Stream is a vibrant community with a robust local economy, making it an ideal location for retail businesses.... Quality Tenants: The tenant mix includes well established local businesses, providing a diverse and balanced tenant profile..... Investment Benefits: Attractive Cap Rate: An approximately 7% cap rate offers a strong return on investment...... Turnkey Investment: With full occupancy, investors can enjoy immediate cash flow without the need for extensive leasing efforts....... Potential for Growth: The thriving local economy and high demand for retail space in Carol Stream present opportunities for rental growth and property value appreciation..... Additional Features: Ample Parking: The strip mall provides ample parking for customers, enhancing convenience and foot traffic for tenants...... Well-Maintained Property: The property has been well-maintained, reducing the need for immediate capital expenditures and ensuring a smooth transition for the new owner......
Location
State IL
County Dupage
Area Carol Stream
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Exterior
Waterfront false
Building
Dwelling Type Bus / Bus w/Real Est
Level or Stories 1
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Listed by Pradeep Shukla • American Star Realty