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Full details for Other For Sale in Park Ridge, Illinois

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Description

Flex on this flex building before it is gone! Taxes Successfully Appealled and taxes reduced to $58,000 new cap rate 9%. Located on Busse and steps from the Dee Metra station. Brand new tear off roof was just completed at a value of 110K as well as a new commercial AC unit installed for one of the units. Fully leased, stabilized, and meticulously maintained. The owner of 20 years occupies two units and will stay in both or scale down to one unit for the new owner/user and sign a new lease. Total of 6 units with office space in front and warehouse space in the back, 6 overhead doors, all separate utilities, and 24 parking spaces plus street parking. The building is a total of approximately 9400 SF with units ranging from 1380 SF to 1760 SF. Units are easily configurable. Many upgrades over the 20-year ownership and all long-term tenants. 24-hour notice is required for all showings. Taxes have been successfully appealed and have not increased after reassessment. An appeal to further reduce taxes has been submitted to the board of review.Flex on this flex building before it is gone! Located on Busse and steps from the Dee Metra station. Brand new tear off roof was just completed at a value of 110K as well as a new commercial AC unit installed for one of the units. Fully leased, stabilized, and meticulously maintained. The owner of 20 years occupies two units and will stay in both or scale down to one unit for the new owner/user and sign a new lease. Total of 6 units with office space in front and warehouse space in the back, 6 overhead doors, all separate utilities, and 24 parking spaces plus street parking. The building is a total of approximately 9400 SF with units ranging from 1380 SF to 1760 SF. Units are easily configurable. Many upgrades over the 20-year ownership and all long-term tenants. 24-hour notice is required for all showings. Taxes have been successfully appealed and have not increased after reassessment. An appeal to further reduce taxes has been submitted to the board of review. Back to listing