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    9001 Us-12 Richmond, IL 60071

    Sponsored
    For Sale
    $475,000

    Fully leased, high-cap rate auto shop.

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a fully leased, two-unit auto center located at 9001-03 US Highway 12, Richmond, IL 60071. The property, encompassing 4,000 square feet on a 0.9-acre lot, boasts a strong 9.06% cap rate and a substantial net operating income (NOI) of $43,048. Currently 100% occupied, the property features two long-term tenants, one since 1986 and the other since 2016, with leases extending through 2029 (one with an option to renew). The all-masonry building, constructed in 1959 with subsequent additions, has undergone recent improvements including a new membrane roof, overhead doors, and parking lot (2023). The property is zoned GB and features a modified lease type. The asking price is $475,000, translating to $118.75 per square foot. While one tenant, occupying 2,800 square feet, will vacate upon sale, this presents a unique opportunity for a user-investor seeking to occupy a portion of the space. Financial details are available upon request. This property offers a compelling combination of stable income and future development potential.

    Property Features for 9001 Us-12

    General Information

    Property type
    Automotive properties
    Square Feet
    4,000 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1959
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Richmond
    County
    McHenry
    State
    Illinois
    Longitude
    -88.30597781088
    Latitude
    42.456837885777

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    FAQs

    What type of property is this?
    Automotive property - Fully leased, high-cap rate auto shop.
    Where is this automotive property located?
    The property is located at 9001 Us-12 Richmond, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    Request Owner's contact information
    9001 Us-12 Richmond, IL 60071
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    Richmond, IL 60071
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9001 Us-12 Richmond, IL 60071
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