101 Bridge St, Eleroy, IL 61027

This exceptional self-storage facility in Eleroy, Illinois, presents a compelling investment opportunity. Located on a 1.04-acre lot on US 20, boasting 8300 daily traffic counts, the property features 30 units within two single-story buildings, totaling 5,280 square feet. Constructed and renovated in 2022, the property offers a stabilized investment with a current NOI of $23,800 and a 6.80% cap rate. The pro-forma NOI is projected at $23,187, and the pro-forma cap rate at 6.62%. Currently operating at 33% occupancy (as of December 31, 2022), this property presents significant upside potential for increased revenue. The property includes 30 parking spaces and benefits from a ground lease expiring January 30, 2023, and is offered fee simple. Additional income streams are generated from billboard advertising. The property's B zoning allows for flexibility in future development, with ample space for expansion or the construction of additional buildings. Utilities are readily available at the lot line, and an existing well is on the property. The asking price is $350,000, representing $66.29 per square foot and $11,667 per unit. The land value is $7.72 per square foot. APN: 09-12-13-378-009 & 016.