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5000 sq ft commercial space 117 E Walnut St

5,445 SF Retail Building Watseka, IL 60970 $325,000 ($60/SF) 10.65% Cap Rate

Retail Buildings Illinois Watseka 117 E Walnut St, Watseka, IL 60970

Investment Highlights

  • Prime Real Estate on HWY 24
  • Large parking lot
  • Longstanding tenants

Executive Summary

Currently occupied with longstanding tenant. Situated on prime real estate on Hwy 24. Ample parking. Low Taxes and easy to maintain the proeprty. Public parking lot next door for tenant access.

Attachments

Watseka Sales Flyer 2024

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $37,200 $6.83
Other Income - -
Vacancy Loss - -
Effective Gross Income $37,200 $6.83
Taxes $2,588 $0.48
Operating Expenses - -
Total Expenses $2,588 $0.48
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $37,200
Annual Per SF $6.83
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $37,200
Annual Per SF $6.83
Taxes
Annual $2,588
Annual Per SF $0.48
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $2,588
Annual Per SF $0.48
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,445 SF
Building Class
C
Year Built
1950
Price
$325,000
Price Per SF
$60
Cap Rate
10.65%
NOI
$34,612
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Land Acres
0.32 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Comm - Commercial
Parking
2.94 Spaces per 1,000 SF Leased
Frontage
65 FT on E Walnut St

Amenities

  • Signage
1 of 1

PROPERTY TAXES

Parcel Number 19 32 476 009 Total Assessment $24,496
Land Assessment $4,400 Annual Taxes $2,588 ($0.48/SF)
Improvements Assessment $20,096 Tax Year 2023

PROPERTY TAXES

Parcel Number
19 32 476 009
Land Assessment
$4,400
Improvements Assessment
$20,096
Total Assessment
$24,496
Annual Taxes
$2,588 ($0.48/SF)
Tax Year
2023
(708) 670-2371

  • Listing ID: 31715809

  • Date on Market: 5/6/2024

  • Last Updated:

  • Address: 117 E Walnut St, Watseka, IL 60970

More public record information on 117 E Walnut St, Watseka, IL 60970

The Retail Property at 117 E Walnut St, Watseka, IL 60970 is currently available For Sale. Contact Village Commercial for more information.

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5000 sq ft commercial space | 117 E Walnut St
(708) 670-2371 x

5000 sq ft commercial space | 117 E Walnut St

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Jason Markowicz

(708) 670-2371

(708) 670-2371

Michael Glenn

(708) 478-1212

(708) 478-1212

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