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    9001 Us Rte Richmond, IL 60071

    For Sale
    $435,000

    Fully Leased, High-Cap Rate Auto Facility

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a fully leased, two-unit automotive center totaling 4,000 square feet, situated on US Highway 12 in Richmond, Illinois. The property boasts a strong tenant roster, with Pete's Paint Works occupying one unit since 1986 and Medina Cars occupying the other since 2016. Both tenants are under long-term leases, extending through 2029 (Medina's lease has a renewal option). The all-masonry building, originally constructed in 1959 with subsequent additions, has undergone recent improvements including a new membrane roof and overhead doors. The property offers significant user-investor potential, as the auto body tenant (Medina Cars) is willing to vacate for a buyer requiring their 2,800 square foot space. This presents a unique chance to occupy a portion of the building while maintaining a substantial rental income stream from the remaining tenant. Financial data, including a rent roll and operating statement, is available upon request. The property's location on a major highway ensures high visibility and accessibility, making it an attractive proposition for both investors and owner-operators. The current cap rate is 10.57%. This is a rare opportunity to acquire a stable, income-producing asset with significant upside potential in a desirable location.

    Property Features for 9001 Us Rte

    General Information

    Property type
    Investment properties
    Square Feet
    4,000 SF

    Building Details

    Year Built
    1959
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Richmond
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3061
    Latitude
    42.45752

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    FAQs

    What type of property is this?
    Investment property - Fully Leased, High-Cap Rate Auto Facility
    Where is this investment property located?
    The property is located at 9001 Us Rte Richmond, IL.
    What is the asking price?
    The asking price for this property is $435,000.
    (847) 854-2300
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    9001 Us Rte Richmond, IL 60071
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9001 Us Rte Richmond, IL 60071
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