9001 US-12, Richmond, IL 60071
4,000 SF automotive building with existing tenant income.
- Added:
- Aug 31, 2022
- Days on Market:
- 1406
- Last Refresh:
- May 19 at 8:47 pm
Property Features for 9001 US-12
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.90 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1959
Listing office Premier Commercial Realty (847) 854-2300
Listing date Aug 31, 2022
Source Crexi
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HighLights
- 4,000 SF 2‑unit masonry automotive building.
- Ideal user/investor property: occupy 2,800 SF and rent out the adjacent 1,200 SF.
- Income from long‑term tenant (Medina Cars) with lease through 2026 and option to renew through 2029.
- 2,800 SF space available, currently occupied by tenant (Pete’s Paint Works) who wants to retire.
- Located on .9 acre on US Hwy 12.
- Newer membrane roof and new parking lot installed in 2023.
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
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- McHenry
- State
- Illinois
- Longitude
- -88.306411
- Latitude
- 42.457823