22 Poss St Glen Ellyn, IL 60137
- Land
- 3.00 lot acres
Current Use by Public Records
- Land
Property Details for 22 Poss St
- Lot size
- 3.00 lot acres
- Property type
- Land
Description
This exceptional 3-acre commercial land parcel in Glen Ellyn, Illinois (DuPage County, zip code 60137), is zoned I-1 Light Industrial, presenting a unique investment opportunity. The property, located at 22 Poss Street, boasts a steady income stream from multiple tenants. A significant portion of the income is derived from a long-term lease with American Tower for a cellular antenna situated on the southwest corner. This lease, initiated in 1998, recently underwent a 5-year renewal in April 2023, with three additional 5-year renewal options extending the lease to 2043. The current monthly rent from American Tower is $1,868.73. Beyond this substantial income source, the property generates approximately $8,000 per month in additional rental income from other month-to-month tenants. The property's I-1 zoning makes it ideal for various uses, including outdoor storage, heavy/construction equipment yards, and company truck/trailer parking. This combination of consistent rental income and versatile zoning makes this property a compelling investment prospect in a desirable location. The property's latitude and longitude coordinates are 41.8956248 and -88.0672927 respectively.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glen Ellyn
- County
- DuPage
- State
- Illinois
- Longitude
- -88.0673
- Latitude
- 41.8956