Carol Stream, IL 60188,1370 Army Trail RD
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Carol Stream, IL 60188,1370 Army Trail RD
Carol Stream, IL 60188,1370 Army Trail RD
Carol Stream, IL 60188,1370 Army Trail RD
Carol Stream, IL 60188,1370 Army Trail RD

$1,000,000

Est. payment /mo

$1,067,500

6.3%
Est.Price: ?

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1370 Army Trail RD Carol Stream, IL 60188

7,000 SqFt

SOLD DATE : 06/07/2019

Key Details

Sold Price $1,000,000

Property Type Commercial

Sub Type Retail/Stores

Listing Status Sold

Purchase Type For Sale

Square Footage 7,000 sqft

Price per Sqft $142

MLS Listing ID 10065283

Sold Date 06/07/19

Year Built 1996

Annual Tax Amount $26,467

Tax Year 2018

Lot Dimensions 175X349

Property Description

TRIPLE NET INVESTMENT! 8% cap rate. Carol Stream Lawn & Power is tenant, a 23 year old business. Leaseback will be for 5 years. Selling the building, the land and a cell tower to be built by Verizon -construction to begin at the end of September. Lease will be $1,000/month. The tower will have the capability of adding 2 carriers, each lease would be a possible $333.33 per month for an additional $666.66 per month as added income. Net operating income is $85,400 (which includes the $1,000 cell tower lease --- add in the possibility of 2 additional cell tower leases brings the cap rate to 8.74%. Highly visible location on Army Trail Road - 13,700 VPD! 7,000 SF stand alone building. Easy ingress/egress. Zoned B 1 / 2 - retail.

Location

State IL

County Du Page

Area Carol Stream

Zoning RTAIL

Interior

Cooling Central Air

Fireplace N

Building

Level or Stories 1

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Lance Kammes • RE/MAX Suburban
Bought with Mark Chereso • Gateway Realty LLC
agent

Laurie Field

Real Estate Advisor

+1(312) 504-7010

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