Property Details

TITLE:
580 Caton Farm Rd
CONTROL:
Exclusive
VALUE:
$409,500
LOAN:
$0
EQUITY:
$409,500
TYPE:
Development
HAVE:
5 Acres Commercial Strip Center with 26,500 SF in 3 buildings We have 3 users: Children of America LOI for 10,000 SF, Ice cream concept for 2,400 SF, and 2 restaurants for 3,000 SF each
ADDRESS:
580 Caton Farm Rd, Plainfield, Illinois
OTHER FILES:
GROSS SCHEDULED INCOME:
$1,000,000 Projected
VACANCY LOSS:
$100,000
GROSS EFFECTIVE INCOME:
$900,000
EXPENSES:
$15,000
NOI:
$885,000
DEBT SERVICE:
$0
CASH FLOW:
$885,000
CAP RATE:
216.12%
BENEFITS SOUGHT:
Looking for investor to buy the property and fund the construction for $2,500,000 of equity at 12-15% for 18-24 months to complete the project.
REMARKS:
Located next to High School, at expanding markets around Ridge Road and Caton Farm Road. Major North and South highways. Plainfield has the highest number of residential building permits in the State of Illinois.
COUNSELOR:
William Caton
Caton Commercial Real Estate Group
1296 Rickert Drive Suite 200
Naperville, , 60540
Phone: 815-370-1236