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9550 S IL Rte 31 9550 S State Route 31

2,232 SF Vacant Retail Building Algonquin, IL 60013 $339,000 ($152/SF)

Investment Highlights

  • Building can be Residential or Commercial Tenant
  • Front is on IL Highway 31
  • 3 car detached heated garage with plumbing

Executive Summary

Prime Light Industrial Property on High-Traffic Route - Exceptional Investment Opportunity Located at 9550 S IL Rte 31, this Light Industrial zoned property offers outstanding commercial potential with over 30,000 vehicles passing by daily. The property features a well-maintained 3-bedroom, 2-bathroom residence with modernized kitchen and baths, along with a detached 3-car heated garage that has a half bathroom. An extra storage trailer that is 20 -22 ft long. A fenced yard ensures privacy and security, while utilities include a water softener with a shared well. The versatile zoning allows for a broad range of commercial applications, including B-1 Limited Retail, B-2 Breweries, Wineries, Distilleries, Tasting Rooms, Ceramics Studios, Building Materials, Tools & Hardware Stores, Municipal Buildings, Rug Cleaning Services, and Therapy & Massage Therapy businesses. Adjacent office space located next door at 9560 is also available for purchase, offering an excellent opportunity to expand your investment portfolio or business operations. Don't miss out on this unique property with immense potential and versatility. Please note 9560 S IL Rte 31, Algonquin (commercial property next door) is for sale by same owner at same time.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,232 SF
Building Class
C
Year Built
1960
Price
$339,000
Price Per SF
$152
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.20
Land Acres
0.26 AC
Zoning
L1
Parking
5 Spaces
Frontage
56 FT on South Illinois Route 31

Amenities

  • Tenant Controlled HVAC
  • Storage Space
  • Listing ID: 33950355

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 9550 S State Route 31, Algonquin, IL 60013

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