9001 03 US Hwy 12, Richmond, IL
Two-unit automotive building with long-term leases and highway frontage.
- Added:
- Mar 25, 2024
- Days on Market:
- 819
- Last Refresh:
- May 20 at 8:29 pm
Property Features for 9001 03 US Hwy 12
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.80 Acres
- Property subtype
- RETAIL
Listing agent Bruce Kaplan License #475075614
Listing office Premier Commercial Realty (847) 854-2300
Listing date Mar 25, 2024
Source Moodyscre
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 Premier Commercial Realty
HighLights
- 100% leased 2‑unit automotive building with long‑term leases.
- Strong 8.7% CAP rate.
- Opportunity for user/investor: Auto body tenant (2,800 SF) can vacate for owner occupancy.
- New membrane roof, overhead doors, and parking lot (2023).
- Long‑term tenants: Pete’s Paint Works (since 1986) and Medina Cars (since 2016).
- All masonry building located on US Highway 12.
Overview
Local Financial Insights For Retail
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 | $60.0k | $15.00 |
| − Vacancy | −$4.9k | −$1.22 |
| EGI | $55.1k | $13.79 |
| − OpEx | −$16.5k | −$4.14 |
| NOI | $38.6k | $9.65 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- U-Haul Neighborhood Dealer — 10815 N Main St, Richmond, IL 60071
Map
- City
- Richmond
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3059
- Latitude
- 42.4759
