1128 E LINCOLN Street, Riverton, IL 62561
2.6 acres of commercially zoned land with storage units.
- Added:
- Jun 19, 2024
- Days on Market:
- 748
- Last Refresh:
- May 12 at 9:59 pm
Property Features for 1128 E LINCOLN Street
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 2.60 Acres
- Property subtype
- Business for Sale, Industrial, Self Storage, Retail
Listing office Springfield Real Estate, LLC
Listing date Jun 19, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Springfield Real Estate, LLC
HighLights
- 2.6 acres of prime commercially zoned land
- Central road location near Riverton Middle School
- Existing building with 12 storage units
- Room for additional buildings on the lot
- New development across the street
- Contract for Deed or Lease considered
Overview
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.6k | $10.20 |
| − Vacancy | −$2.4k | −$0.87 |
| EGI | $26.1k | $9.33 |
| − OpEx | −$7.8k | −$2.80 |
| NOI | $18.3k | $6.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Riverton
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.52659
- Latitude
- 39.843952
