205 Sandra Ave Mendota, IL 61342
- Commercial real estate
- 3,432 SF
- 3.32 lot acres
Current Use by Public Records
- Paragon Stays / Extended Stay Hotel
- Wentworth Commons / Apartment Building / Apartment Rental Agency
Property Details for 205 Sandra Ave
- Lot size
- 3.32 lot acres
- Property size
- 3,432 SF
- Property type
- Commercial real estate
- APN
- 01-32-421-015
- APU
- 132421015
Description
Exceptional turnkey investment opportunity awaits at Wentworth Commons, a sprawling 3.32-acre property in Mendota, Illinois. This remarkable complex comprises 14 buildings encompassing a total of 56 individual rental units, offering a diverse mix of floor plans to cater to a wide range of tenants. The property boasts a substantial 49,711 square feet of rentable space, distributed across 12 one-bedroom, 18 two-bedroom, and 26 three-bedroom apartments. This established multi-family complex presents a compelling investment prospect due to its strong tenant base and strategic location. Situated in Mendota, the property benefits from proximity to local employers, providing a readily available pool of potential renters. Furthermore, the convenient location near the neighboring towns of Rochelle and LaSalle, which house a variety of employers including food processing and chemical companies, further enhances the property's appeal and potential for consistent rental income. The property's size and established tenant base make it an ideal investment for those seeking a stable and profitable venture in the Illinois commercial real estate market. This turnkey opportunity requires minimal upfront effort, allowing investors to capitalize on the existing infrastructure and established rental income stream. The asking price for this exceptional property is $5,600,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $240,000
- 6.5%
- $265,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $220,000
- Mixed-Use
- $280,000
- Hospitality
- $230,000
- Educational
- $215,000
- Residential Income
- $255,000
- Energy
- $210,000
- Income-Based Land
- $210,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Mendota
- County
- Lasalle
- State
- Illinois
- Longitude
- -89.1313
- Latitude
- 41.5421
- CBSA code
- 36837
- CBSA name
- OTTAWA, IL MICROPOLITAN STATISTICAL AREA
