Property Details

TITLE:
Auto Repair by Expressway
CONTROL:
Buyers Broker
VALUE:
$950,000
LOAN:
$0
EQUITY:
$950,000
TYPE:
Retail/Commercial
HAVE:
Seven bay (one for semi/large trucks) auto repair on high traffic route near expressway.
ADDRESS:
332 159th, Harvey, Illinois
BENEFITS TO NEW OWNER:
Location near I-294 Long established client base Large parking lot No deferred maintenance
OTHER FILES:
GROSS SCHEDULED INCOME:
$900,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$900,000
EXPENSES:
$760,000
NOI:
$140,000
DEBT SERVICE:
$0
CASH FLOW:
$140,000
CAP RATE:
14.74%
BENEFITS SOUGHT:
passive income
CAN ADD:
assist beyond sale
REMARKS:
Great for franchise auto. Can sell as business or just real estate. P&Ls are in favor of seller with large number of expenses for tax benefit.
COUNSELOR:
Theresa Mueller
Trelleum Real Estate
132 N Washington
Naperville, Illinois, 60540
Cell: 630-715-9999