Property Description

Fantastic Investment Opportunity Annual Net Income is greater than $80,000 per year – Building is fully leased to Riverview Center and The Fitness Foundry. Both leases are in excess of 6 years. Building to be sold as in investment property with Riverview Center having 10 years left on their lease. The Fitness Foundry has a 6 year lease. Both leases escalate at 2.0% per year. Great investment opportunity for a 7.2% Cap Rate return on the investment.

Features
: Gas forced air, Gas
: Central
: Other
Location
US
IL
Jo Daviess County
GALENA
61036
Industrial
11358
W91° 32' 51.3''
N42° 26' 13.7''
11358 Industrial Drive
Additional Information
09/02/2021 17:30:50
ACTIVE and AVAILABLE
$11,034
City
Central
Electric
Carpet,Tile,Concrete
: Stucco, Steel, Brick
14761
$0
$0
Other/Outside Area
01/01/1970

11358 Industrial GALENA, Illinois 61036

Commercial For Sale
$1,160,000

Reference ID: 202105590

Basic Details
Property Type : Commercial
Price : $1,160,000
Year Built : 2019
Acres : 0.92
Agent info
Jim Sullivan
Contact Agent