Fully leased two story mixed use building offering an attractive 9.57% cap rate. Great location, just south of rapidly growing downtown Yorkville and directly adjacent to Yorkville Intermediate School. A total of 8 office/retail units occupy the lower floor including a new three year lease with a preschool. The second floor consists of six apartments (2-one bedroom units and 4-two bedroom units) with a separate entrance and ample parking. Most tenants are long term and all are on year to year or longer leases. See rent roll for current leases, rates, and length of time in the building. Common area coin laundry units are owned and transferred with the sale. New roof being installed Q1 2024. On site is a fenced in playground for the preschool, 2 car garage, two storage sheds, as well as a large green space that could be utilized for future development or parking. Do not disturb the tenants- call for private showing of the building.
Based on information submitted to the MLS GRID as of 04/30/2024 10:42 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
