1200 N State Rte 121, Mt Zion, IL
Freestanding healthcare facility with development potential in Mt. Zion.
- Added:
- Jan 6, 2025
- Days on Market:
- 525
- Last Refresh:
- May 20 at 8:09 pm
Property Features for 1200 N State Rte 121
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 3.99 Acres
- Property subtype
- OFFICE
Listing agent Nick Ragle License #IL 475.201147
Listing office Coldwell Banker Commercial Devonshire Realty (217) 352-7712
Listing date Jan 6, 2025
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 Coldwell Banker Commercial Devonshire Realty
HighLights
- Premium healthcare facility with 7,500 sq ft of space, including 16 private treatment/exam rooms, 9 private offices, and a lab.
- Includes 4 acres of land across two parcels, with adjacent development ground for future expansion.
- Option for multiple tenancies with separate client entrances and receiving areas already in place.
- Currently partially leased (1,841 sq ft), providing immediate income potential.
- Freestanding building design.
- Features 3 nursing stations and a spacious breakroom/bonus area on the second level.
Overview
Local Financial Insights For Office B
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 | $94.5k | $12.60 |
| − Vacancy | −$15.1k | −$2.02 |
| EGI | $79.4k | $10.58 |
| − OpEx | −$19.8k | −$2.65 |
| NOI | $59.5k | $7.94 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Cats only — 245 N Henderson St, Mt Zion, IL 62549
Map
- City
- Mt Zion
- County
- Macon
- State
- Illinois
- Longitude
- -88.8742
- Latitude
- 39.7714
