503 Westgate St Addison, IL 60101-4531

Property Details for 503 Westgate St

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.36 lot acres

Property size

7,525 SF

Zone code

I

Property type

Industrial properties

APN

03-33-108-001

APU

333108001

Description

This exceptional 7,300 square foot building, situated on a 15,682 square foot lot in Addison, IL, presents a compelling investment opportunity. The property boasts a newer roof and a recently remodeled office space. Currently, five separate spaces are leased, ranging in size from 1,000 to 2,200 square feet. Each lease has a term ranging from one to five years. The building enjoys a strong annual gross income of $99,400, demonstrating its consistent revenue generation potential. Its strategic location offers convenient access to I-355, enhancing its appeal to a wide range of tenants. The seller is highly motivated, making this an attractive proposition for discerning investors seeking a well-maintained, income-producing asset in a prime location. The property's excellent condition, coupled with its strong lease portfolio and desirable location, makes it an ideal investment for those seeking immediate returns and long-term growth. The building's size and layout provide flexibility for a variety of uses, further enhancing its investment potential. This is a rare opportunity to acquire a high-performing commercial property in a thriving market. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

Location Insight

City

Addison

County

Dupage

State

Illinois

Longitude

-87.9933

Latitude

41.9181

CBSA code

16980

CBSA name

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

Property Tax & Assessments