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Listing 19 out of 37
$285,000 For Sale

1000 South Hamilton Street #4
Lockport, IL 60441

6 units |
4,200 sq ft;
lot: 10890 sq ft
Commercial: Office/Tech - MLS# 10120716
Property Photo
1/18

Description

HUGE PRICE REDUCTION!!! OFFERING 9 CAP! INSTANT CASH FLOW POSITIVE. PASSIVE INVESTOR OR OWNER/USER. TURN-KEY INVESTMENT COMES FULLY FURNISHED W/ A BUSINESS BRAND TO BOOT!!!! THIS BUILDING FOR SALE W/ 6 OFFICE SPACES TO LEASE (easily convert to 7); 4 HALF BATH; 2 BREAK AREAS (appliances etc); RECEPTION UPON ENTRY; 1 COMMON CONF. ROOM! 5 CURRENT LEASES INCLUDE 1 THAT CAN BE INCREASED (on a discount) AND 1 THAT CAN BE CONVERTED TO 2; IN 2016 WE SPENT $30K IN REMODEL. THIS IS A TURN KEY BUSINESS MODEL WHICH INCLUDES LOGO (BRAND), WEBSITE CALLED "LOCKPORTLOFT", ALL INDIVIDUAL OFFICE FURNITURE, RECEPTION DESK, RECEPTION TV, NEST THERMOSTAT, FIREPLACE, ETC. CHECK OUT OUR LOGO COFFEE MUGS! HAVE ALL OF YOUR OFFICE EXPENSES PAID FOR BY OTHERS!!! Downtown Lockport walking distance to court house, and restaurants. Tons of parking always available - private building lot and street parking Gross leases + internet + utilities Total Annual Expenses of HOA ($350/mo) + Utilities = $500

Features

  • Property Type: Commercial
  • Sub Type: Office/Tech
  • Listing Status: Active
  • County/Area: Will County
  • Zip Code: 60441
  • Year Built: 1976
  • Sq.Ft.: 4,200 sq ft
  • Units: 6 units
  • Lot Size: 10890 sq ft
  • Zoning: COMMR
  • # Of Stories: 2
  • # Of Tenants: 5
  • Air Conditioning: Central Air
  • Approximate Age: 36-50 Years
  • Built Before 1978 (Y/N): Yes
  • Electrical Service: 101-200 Amps
  • Fire Protection: Alarm On Site, Fire Extinguisher/S
  • Frontage/Access: City Street
  • Geographic Locale: South Suburban
  • Gross Rentable Area: 2100
  • Heat/Ventilation: Forced Air, Gas
  • Location: Mixed Use Area
  • Lot Dimensions: 139X95X100X102
  • Lot Sq Ft: 13633
  • Max Avail Sq Ft (Rentable): 550
  • Min Avail Sq Ft (Rentable): 100
  • Net Operating Income Year: $2,018
  • Outdoor Parking: Open, Private Lot, Other
  • Ownership Type: Limited Liability Corp
  • Property Offered: For Sale Only
  • Tax Year: 2017
  • Taxes: $4,650
  • Total Annual Exp: 6000
  • Total Annual Income: $36,300
  • Total Monthly Income: $3,025
  • Township: Lockport
  • Utilities To Site: Electric To Site, Gas To Site, Sanitary Sewer To Site, Water To Site
Courtesy of Keg Realty Law Limited

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Village Commercial Realty
Phone: 708-478-1212
Email: Mike@vrsrealty.com

 

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