217 Center Street

    Forrest, IL 61741
    • $445,000
    • STATUS: Active
    • ON SITE: 148 days
    • MLS #: 10425335
    UPDATED: 2 min ago
    $445,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,664
      SQFT
    • $267
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2012
    County:
    Area:

    School Ratings & Info

    Description

    Great Investment Opportunity for the Passive Investor. The property is located one block south of the intersection of Routes 47 and 24 in Forrest, IL. Currently the property is encumbered with a Five (5) year Net Lease, with building structure including roof as only Landlord responsibilities. The lease is in its second (2) five year term with 3 more options to renew, each with a 10% rental rate increase. This lease is corporately guaranteed by Subway Real Estate LLC.

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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 2019-11-17T15:50:22.63 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/96152678

    217 Center Street Forrest, IL 61741

    • Price: $445,000
    • Status: Active
    • Updated: 2 min ago
    • MLS #: 10425335
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,664
    SQFT
    $267
    $/SQFT
    2012
    Built
    Neighborhood:
    Forrest
    County:
    Livingston
    Area:
    Forrest
    Property Description
    Great Investment Opportunity for the Passive Investor. The property is located one block south of the intersection of Routes 47 and 24 in Forrest, IL. Currently the property is encumbered with a Five (5) year Net Lease, with building structure including roof as only Landlord responsibilities. The lease is in its second (2) five year term with 3 more options to renew, each with a 10% rental rate increase. This lease is corporately guaranteed by Subway Real Estate LLC.
    Exterior Features

    Construction Wood Frame Foundation Concrete Frontage Access State Road Location Mixed Use Area Lot Dimensions 172.5 X 155 Lot Sq Ft 26738 Number Of Parking Spaces 10 Number Of TLDocks 0 Roof Coverings Shingle Composition Roof Structure Gable

    Interior Features

    Air Conditioning Central Air Fire Protection Fire Extinguisher/S Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking 6-12 Spaces

    Property Features

    Bnar Zoning B1 Current Use Commercial Electrical Service Circuit Breakers Exterior Building Type Vinyl SidingBrick Extra Storage Spaces Available YN No Financial Amounts For Total Building Rental Onl Yes Heat Ventilation Central Bldg Heat Investment YN Yes Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 0 Net Oper Income Amount 24600 Number Of Tenants 1 Property Offered For Sale Only Tax Year 2018 Taxes 7824.74 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceWater/Sewer Total Annual Income 24600 Total Monthly Income 2050 Township Forrest Unincorporated YN No Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Schrof Companies, Inc.


    © 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 2019-11-17T15:50:22.63 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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