2019 Main Street RdSpring Grove, IL 60081

Property Details for 2019 Main Street Rd

Year built

1951

Lot size

0.22 AC

Property size (Sq ft)

4,824 SF

Property type

Other commercial real estate

APN

05-30-105-001

APU

530105001

Description

This exceptional investment opportunity presents a fully leased, mixed-use property ideally situated at 2019 Main St Rd, Spring Grove, IL 60081. The 5,000 square foot building, constructed in 1951 and extensively renovated in 2012, comprises four units currently generating a strong net operating income (NOI) of $19,683, resulting in a 6.37% capitalization rate. The property boasts long-term tenants and benefits from a newer roof and electrical system, ensuring minimal maintenance needs. Each unit enjoys separate utilities, access to city water and sewer, and high-speed internet. Three-phase electric is also available. Shared common washrooms add convenience. The property's desirable location offers a prime commercial setting, further enhanced by its picturesque backing onto Nippersink Creek. The B2 zoning provides flexibility for future uses. This single-story building represents a stable and lucrative investment opportunity in a thriving Illinois community. The property is conveniently located in McHenry County.

• Alternative Use

  Use

  Valuation

  Residential

  $996,995

  Hospitality

  $913,242

  Educational

  $759,807

  Medical

  $785,938

  Retail

  $1,181,921

Location Insight

City

Spring Grove

County

Mchenry

State

Illinois

Latitude

42.444

Longitude

-88.2376

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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