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2-10 W Main St 3,800 SF 100% Leased Retail Building Glenwood, IL 60425 $418,776 CAD ($110.20 CAD/SF) 6.23% Cap Rate
INVESTMENT HIGHLIGHTS
- With proper management, rent increases and operational improvements could restore or exceed prior income levels.
- New fencing installed in 2017 – enhanced privacy and security.
- Tenant flexibility – option to vacate a unit for owner use or strategic repositioning.
EXECUTIVE SUMMARY
needs proper management in place to increase rents bc owner self manages and is not from the area. it used to get 73,000 a year before owner neglect. Building is fully occupied but can evict tenant if wanting own space.perfect for owner user as well
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$72,344
|
$19.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,344
|
$19.04
|
| Taxes |
$34,728
|
$9.14
|
| Operating Expenses |
$11,521
|
$3.03
|
| Total Expenses |
$46,248
|
$12.17
|
| Net Operating Income |
$26,095
|
$6.87
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $72,344 |
| Annual Per SF | $19.04 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,344 |
| Annual Per SF | $19.04 |
| Taxes (CAD) | |
|---|---|
| Annual | $34,728 |
| Annual Per SF | $9.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,521 |
| Annual Per SF | $3.03 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $46,248 |
| Annual Per SF | $12.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $26,095 |
| Annual Per SF | $6.87 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
B
Year Built
2003
Price
$418,776 CAD
Price Per SF
$110.20 CAD
Cap Rate
6.23%
NOI
$26,095 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.50 AC
Parking
19 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
ABOUT 2-10 W MAIN ST , GLENWOOD, IL 60425
needs proper management in place to increase rents bc owner self manages and is not from the area. it used to get 73,000 a year before owner neglect. Building is fully occupied but can evict tenant if wanting own space.
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Hair by Cece
- Services
- 1,018 SF
- -
- Modified Gross
- Feb 2024
- Jackson Hewitt
- Finance and Insurance
- 747 SF
- -
- Modified Gross
- Jun 2024
- Tai Accessories
- -
- 1,151 SF
- -
- Modified Gross
- Dec 2023
- Xtrodinary Kutz
- Services
- 880 SF
- -
- Modified Gross
- Jul 2024
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Hair by Cece | Services | 1,018 SF | - | Modified Gross | Feb 2024 | |
| Jackson Hewitt | Finance and Insurance | 747 SF | - | Modified Gross | Jun 2024 | |
| Tai Accessories | - | 1,151 SF | - | Modified Gross | Dec 2023 | |
| Xtrodinary Kutz | Services | 880 SF | - | Modified Gross | Jul 2024 |
PROPERTY TAXES
| Parcel Number | 32-03-326-013-0000 | Total Assessment | $86,420 CAD |
| Land Assessment | $19,860 CAD | Annual Taxes | $34,728 CAD ($9.14 CAD/SF) |
| Improvements Assessment | $66,560 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
32-03-326-013-0000
Land Assessment
$19,860 CAD
Improvements Assessment
$66,560 CAD
Total Assessment
$86,420 CAD
Annual Taxes
$34,728 CAD ($9.14 CAD/SF)
Tax Year
2024
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2-10 W Main St
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