Former govt offices 1/2 leasback | 660 W Stephenson St
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Former govt offices 1/2 leasback 660 W Stephenson St
10,458 SF Office Building Freeport, IL 61032 $375,000 ($36/SF)
Investment Highlights
- good traffic count
- many mechanical upgrades
- owner will lease back half
Executive Summary
10,458 SF building for sale, owner will lease back 1/2 at $ 5.09/SF net or $2100 per month. Project $7 per SF on vacant space. Many upgrades.Vacant portion most recently was govt. offices. See attached pro forma
Owner is very motivated and wants all offers. THE BUSINESS IS NOT FOR SALE
Owner is very motivated and wants all offers. THE BUSINESS IS NOT FOR SALE
Taxes & Operating Expenses (Actual - 2019) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$14,237
|
$1.36
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$14,237
|
$1.36
|
Taxes & Operating Expenses (Actual - 2019)
| Taxes | |
|---|---|
| Annual | $14,237 |
| Annual Per SF | $1.36 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $14,237 |
| Annual Per SF | $1.36 |
Property Facts
Sale Type
Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
10,458 SF
Building Class
C
Year Built/Renovated
1940/2010
Price
$375,000
Price Per SF
$36
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,458 SF
Building FAR
0.41
Lot Size
0.58 AC
Parking
40 Spaces (3.82 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Air Conditioning
About 660 W Stephenson St , Freeport, IL 61032
10,458 SF building for sale, owner will lease back 1/2 at $ 5.09/SF net or $2100 per month. Project $7 per SF on vacant space. Many upgrades. There is also a duplex on the property that can be sold separately. The duplex must sell first. See attached pro forma. THE BUSINESS IS NOT FOR SALE.
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $110,931 (2023) | |
| Land Assessment | $24,278 (2023) | Annual Taxes | $14,237 ($1.36/SF) |
| Improvements Assessment | $86,653 (2023) | Tax Year | 2019 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$24,278 (2023)
Improvements Assessment
$86,653 (2023)
Total Assessment
$110,931 (2023)
Annual Taxes
$14,237 ($1.36/SF)
Tax Year
2019
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Former govt offices 1/2 leasback | 660 W Stephenson St
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