129 Us Highway 12

    Fox Lake, IL 60020
    • $295,000
    • STATUS: Active Under Contract
    • ON SITE: 50 days
    • MLS #: 10468227
    Under Contract
    UPDATED: 48 min ago
    $295,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,000
      SQFT
    • $59
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Awesome potential with this storefront building located on busy Route 12 directly across from Watt's Marina with excellent lake views!! Formerly A-Z Rental and includes retail and workshop space with five bays and five overhead doors for vehicles. Also, a large fenced in outside storage area and a really big 2 bedroom apt that is about 1,300 SF according to the assessor. A total of roughly 5,000 SF of building on just under a half acre. Great value at only $59 per SF considering this prime Route 12 location!! Income is projected based on the building being rented for $3,500 per month which we think is reasonable. The building is currently vacant however. Priced well under most recent appraisal. This is a great opportunity!

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Baz Realty Network | Keller Williams Elite. Based on information submitted to the MRED as of 2019-09-19T13:53:30.767 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.bazrealtynetwork.com/homes/97414371

    129 Us Highway 12 Fox Lake, IL 60020

    • Price: $295,000
    • Status: Active Under Contract
    • Updated: 48 min ago
    • MLS #: 10468227
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,000
    SQFT
    $59
    $/SQFT
    1962
    Built
    Neighborhood:
    Fox Lake
    County:
    Lake
    Area:
    Fox Lake
    Property Description
    Awesome potential with this storefront building located on busy Route 12 directly across from Watt's Marina with excellent lake views!! Formerly A-Z Rental and includes retail and workshop space with five bays and five overhead doors for vehicles. Also, a large fenced in outside storage area and a really big 2 bedroom apt that is about 1,300 SF according to the assessor. A total of roughly 5,000 SF of building on just under a half acre. Great value at only $59 per SF considering this prime Route 12 location!! Income is projected based on the building being rented for $3,500 per month which we think is reasonable. The building is currently vacant however. Priced well under most recent appraisal. This is a great opportunity!
    Exterior Features

    Construction BrickConcreteConcrete Block Foundation Concrete Frontage Access State Road Location Central Business District Lot Dimensions 117 X 142 Lot Sq Ft 18000 Number Of Parking Spaces 30

    Interior Features

    Air Conditioning Central Air Fire Protection Fire Extinguisher/S Floor Finish Varies Indoor Parking 1-5 Spaces Miscellaneous Inside Private Restroom/S Number Of Apts 1 Number Of Dishwashers 0 Number Of Dryers 0 Number Of Offices 0 Number Of Ranges 1 Number Of Refrigs 1 Number Of Stores 1 Number Of Stories 2 Number Of Washers 0 Outdoor Parking 19-30 Spaces

    Property Features

    Age Older Built Before1978 YN Yes Contingency Flag Attorney/Inspection Current Use Commercial Electric Expense Source Broker Projection Electrical Service Circuit Breakers Electricity Expense 0 Estimated Cam SF 1 Expense Year 2019 Exterior Building Type BrickBlock Fuel Expense 0 Fuel Expense Source Broker Projection Geographic Locale Northwest Suburban Gross Rental Income Amount 42000 Heat Ventilation Forced AirGas Insurance Expense 2000 Insurance Expense Source Broker Projection Known Encumbrances First Mortgage Lease Type Modified Gross Monthly Rental Price 3500 Net Oper Income Amount 29370 Net Operating Income Year 2019 Number Of Tenants 0 Other Expense Source Broker Projection Other Expenses 1000 Owners Assoc YN No Potential Use Commercial Rental Price 8.4 Sale Terms Owner May Help/Assist Seller Will Create PaperOtherTrain Tax Year 2018 Taxes 9630 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialRepairs And MaintenanceScavengerWater/Sewer Total Annual Exp 12630 Total Annual Expense Source Broker Projection Total Annual Income 42000 Total Monthly Income 3500 Township Grant Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Water Expense 0 Water Expense Source Broker Projection Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Showcase.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Baz Realty Network | Keller Williams Elite. Based on information submitted to the MRED as of 2019-09-19T13:53:30.767 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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