168 Peterson RdLibertyville, IL 60048

Property Details for 168 Peterson Rd

Property type

Land

Property subtype

Commercial land

APN

11-09-101-002

APU

1109101002

Description

This exceptional 17,365 sq ft industrial property in Libertyville, IL, offers a compelling investment opportunity. The fee-simple offering includes a 100% occupied, single-tenant net lease with St. Vincent de Paul Thrift Store and Distribution Center, boasting a 3.9-year remaining lease term (commencing 11/01/2023 and expiring 10/31/2028) with 2.5% annual rent bumps. The property also features two long-term cell tower leases, adding to the diverse income stream. Built in 1985 and renovated in 2016, this one-story building sits on a 2.08-acre lot (APN: 11-09-101-002-0000, 11-09-101-003-0000, 11-09-100-011-0000) zoned C-3. The property's strategic location and the inclusion of a vacant lot leased month-to-month for approximately fifteen years to TransCargo further enhance its value. The asking price is $2,162,000, representing a compelling $124.50/sq ft and an 8.21% cap rate with a current NOI of $177,563. One 5-year lease option is available. This stabilized investment offers a strong return with built-in growth potential.

Location Insight

City

Libertyville

County

Lake

State

Illinois

Latitude

42.3063

Longitude

-87.9633

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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