Property Details

SOLD – 110 S Neltnor Drive, West Chicago, IL

$854,992

SOLD - 110 S Neltnor, West Chicago, Illnois, IL

Property Type: For Sale

Description

110 S Neltnor Marketing Package

Well-maintained retail strip mall center on IL-HWY Route 59 with pylon signage next to a signalized hard corner intersection w/ very high-traffic [32K VPD]. Neighboring tenants include two gas stations, McDonald’s, Walgreens, Dunkin Donuts, and more in suburban West Chicago, less than 5 minutes to Western Station Metra. Brand new $100K roof was just replaced in 2016, along with facade and parking lot improvements (large parking lot). All leases structured as NNN, except for one tenant paying a higher gross rate. Tremendous cash flow with estimated installments for CAM, building insurance, and property taxes which are paid each month by tenants, to be reconciled at year-end (upwards of $50K+ in additional rent recovery). Only one unit remaining available for lease, all others are leased past 2017 with water separately metered & garbage paid by tenants. Easy investment with healthy rent increases moving forward. Please do not disturb businesses, call office to schedule an appointment.

 

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