This building has great curb appeal with over 5000 sq ft of usable space and loads of potential. It can be used as a income producing private or shared office space or you can break up the 5000 sq ft as you see fit. Or just rent out the entire 5000 sq ft. This free standing building is zoned residential and commercial. You could have retail in this building or even turn it into rental units. You can be as creative as you want. High traffic counts, close to public transportation, good walk/transit score, close to Commercial avenue, which is full of businesses, professional offices, retail stores and much more. This all brick free standing building is for lease and for sale. Based on the average rental price per sq ft of about $12, the PGI is $60,000 annually, with about 5% Operating expense with a single tenant triple net lease. That expense would come from hiring part-time management if needed. NOI income has the potential to be over $50,000 annually.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Magellan Realty LLC are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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 deemed reliable but not guaranteed. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
Listing information last updated on April 8th, 2020 at 9:20am CDT.