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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

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.
More about this property
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