606 E LINCOLNWAY, Morrison, IL 61270
Commercial property on Highway 30, excellent investment opportunity.
- Added:
- Feb 10, 2024
- Days on Market:
- 869
- Last Refresh:
- Mar 16 at 12:59 pm
Property Features for 606 E LINCOLNWAY
General Information
- Standard status
- Active
- Size
- 4,787 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2012
Listing office Coldwell Banker Commercial Howes & Jefferies
Listing date Feb 10, 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 Coldwell Banker Commercial Howes & Jefferies
HighLights
- Prime corner location on US Highway 30/Lincolnway & Jackson Street.
- Sharing a building with high‑traffic McDonalds.
- McDonalds recently renewed its lease.
- Excellent investment property.
- Suitable for office or retail use.
- Built in 2012.
Overview
Local Financial Insights For Specialty 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 | $86.2k | $18.00 |
| − Vacancy | −$2.6k | −$0.54 |
| EGI | $83.6k | $17.46 |
| − OpEx | −$20.9k | −$4.37 |
| NOI | $62.7k | $13.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Morrison
- County
- Whiteside
- State
- Illinois
- Longitude
- -89.975815
- Latitude
- 41.81319
