Established Car Lot with Vacant
For Sale
$120,000
17092 Route 37, Johnston City, IL 62951
Car lot with vacant land suitable for various business uses.
Property Size744 SF
Lot Size3.84 Acres
Price / SF$161.29
Days on Market214
Property Features for 17092 Route 37
General Information
Standard status
Active
Size
744 SF
Lot size
3.84 Acres
Taxes and HOA fees
Annual Taxes
$930
Listing Agency:
C21 HOUSE OF REALTY, INC. L
(618) 964-1447
Listed By:
MARY JO GILMORE · License #475168599
(618) 534-7540
Source:
Exprealty
Added: Mar 11
Changed: Oct 4
Last Checked: Oct 10 at 12:49AM
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 C21 HOUSE OF REALTY, INC. L
Investment Insights
Based on property information with market context.
This property features an established car lot with an additional 3.52 acres of vacant land. The car lot, situated just north of Johnston City, is 0.32 acres. The location offers high visibility, making it suitable for various business uses. The lot has previously accommodated up to 40 vehicles, making it suited for auto sales. Alternative commercial ventures include storage building sales, trailer sales, a gaming/slot location, or equipment sales. The property provides road visibility and space for inventory and expansion, offering flexibility for different business models. The current owner operates a thriving business at this location. Parcel 02-12-200-048 has a building on it, while parcel 02-12-200-046 is land to the north. The property size is 744 square feet.
Key Highlights
- Highly visible location ideal for various business uses.
- Includes both a .32 acre car lot and 3.52 acres of vacant land.
- Proven location with a thriving existing business.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,135
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,700
$202.7K
Cap Rate 7%
$144,786
$144.8K
Cap Rate 9%
$112,611
$112.6K
Market Conditions
NOI Build-Up for 744 SF
Gross rent
$14.1K $18.96/SF
− Vacancy
−$592 −$0.80/SF
EGI
$13.5K $18.16/SF
− OpEx
−$3.4K −$4.54/SF
NOI
$10.1K $13.62/SF
Area
Williamson County, IL
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,700
Cap Rate 7%
$144,786
Cap Rate 9%
$112,611
Alternative Uses
Best Use
Specialty Retail
$144.8K
$126.7K – $168.9K
NOI $10,135 @ 7.0% cap · market cap 8.45%
Second Best
Retail
$86.8K
$75.9K – $101.3K
NOI $6,075 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$156.8K
$137.2K – $183.0K
NOI $10,979 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 62951, IL
5,136
Population
2,705
Households
1.9
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
27.7 sq mi
ZIP Area
185
Density / Sq Mi
$49,694
Median Household Income
$36,087
Median Earnings
$854
Median Rent
$89,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Car wash - Car lot with vacant land suitable for various business uses.
Where is this car wash located?
The property is located at 17092 Route 37 Johnston City, IL.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Highly visible location ideal for various business uses.; Includes both a .32 acre car lot and 3.52 acres of vacant land.; Proven location with a thriving existing business.
