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5000 sq ft commercial space 117 E Walnut St 5,445 SF Retail Building Watseka, IL 60970 $415,017 CAD ($76.22 CAD/SF) 11.54% Cap Rate

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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.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $51,462 $9.45
Other Income - -
Vacancy Loss - -
Effective Gross Income $51,462 $9.45
Taxes $3,580 $0.66
Operating Expenses - -
Total Expenses $3,580 $0.66
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income (CAD)
Annual $51,462
Annual Per SF $9.45
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $51,462
Annual Per SF $9.45
Taxes (CAD)
Annual $3,580
Annual Per SF $0.66
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $3,580
Annual Per SF $0.66
Net Operating Income (CAD)
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
$415,017 CAD
Price Per SF
$76.22 CAD
Cap Rate
11.54%
NOI
$47,882 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
Comm - Commercial
Frontage
65’ on E Walnut St

AMENITIES

  • Signage

NEARBY MAJOR RETAILERS

First Financial bank
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-32-476-009
Land Assessment
$6,202 CAD (2024)
Improvements Assessment
$28,325 CAD (2024)
Total Assessment
$34,527 CAD (2024)
Annual Taxes
$3,580 CAD ($0.66 CAD/SF)
Tax Year
2023
  • Listing ID: 31715809

  • Date on Market: 2024-05-06

  • Last Updated:

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

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