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614-616 State Route 116 614-616 State Route 116 Hwy 6,168 SF 100% Leased Office Building Germantown Hills, IL 61548 $550,275 CAD ($89.21 CAD/SF) 11.89% Cap Rate
Investment Highlights
- Fully Leased Investment Property in Germantown Hills/Metamora
Executive Summary
This fully leased, investment property is conveniently located between Germantown Hills and Metamora. It is currently divided into two suites, 614 and 616 and is fully leased. Suite 614 tenant is a counseling services office that occupies 25% of the building (1,500 SF main level). Suite 616 has a long term tenant that has signed a new 2 year lease and occupies the remaining 75% of the building - 1,500SF main floor and the lower level apartment unit with full kitchen, restroom and two separated garages. Rents are $61,200 and expenses are $14,235 (taxes, insurance, lawn/snow/garbage). The property includes a generous size parking lot, is all ADA compliant, and has business park association/co-ownership for access to the surrounding land, septic and water. Additional life safety updates were recently completed in 2026 and approved by the state Fire Marshall for Medicaid services to be provided at the site.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,168 SF
Building Class
B
Year Built
2015
Price
$550,275 CAD
Price Per SF
$89.21 CAD
Cap Rate
11.89%
NOI
$65,427 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,168 SF
Building FAR
1.00
Lot Size
0.14 AC
Zoning
Commercial - General Commercial (Woodford County)
Amenities
- 24 Hour Access
- Wheelchair Accessible
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 08-26-101-007 | Improvements Assessment | $109,852 CAD |
| Land Assessment | $9,421 CAD | Total Assessment | $119,273 CAD |
Property Taxes
Parcel Number
08-26-101-007
Land Assessment
$9,421 CAD
Improvements Assessment
$109,852 CAD
Total Assessment
$119,273 CAD
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614-616 State Route 116 | 614-616 State Route 116 Hwy
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