9001 Us Rte, Richmond, IL 60071
This exceptional investment opportunity presents a fully leased, two-unit automotive center totaling 4,000 square feet, situated on US Highway 12 in Richmond, Illinois. The property boasts a strong tenant roster, with Pete's Paint Works occupying one unit since 1986 and Medina Cars occupying the other since 2016. Both tenants are under long-term leases, extending through 2029 (Medina's lease has a renewal option). The all-masonry building, originally constructed in 1959 with subsequent additions, has undergone recent improvements including a new membrane roof and overhead doors. The property offers significant user-investor potential, as the auto body tenant (Medina Cars) is willing to vacate for a buyer requiring their 2,800 square foot space. This presents a unique chance to occupy a portion of the building while maintaining a substantial rental income stream from the remaining tenant. Financial data, including a rent roll and operating statement, is available upon request. The property's location on a major highway ensures high visibility and accessibility, making it an attractive proposition for both investors and owner-operators. The current cap rate is 10.57%. This is a rare opportunity to acquire a stable, income-producing asset with significant upside potential in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.