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Listed by Michael Kangof Coldwell Banker Realty
$ 2,700,000
Est. payment | /mo
15,939 SqFt
$ 2,700,000
Est. payment | /mo
15,939 SqFt
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 15,939 sqft
Price per Sqft $169
MLS Listing ID 12584023
Annual Tax Amount $15,928
Tax Year 2024
Lot Dimensions 68 x 148.5
Property Sub-Type Bus / Bus w/Real Est
Property Description
Prime investment opportunity featuring a fully leased neighborhood strip center with an established coin laundry business included in the sale. Situated on a 26,037 SF lot with approximately 15,939 SF building area, this six-unit retail center totals about 13,160 SF and offers excellent visibility along Galena Blvd. The property features a stable mix of long-term, service-oriented tenants that provide consistent traffic and are largely resistant to online competition. The coin laundry generates strong income, contributing to the property's overall cash flow. With a favorable land-to-building ratio, ample parking, and strong frontage on a busy commercial corridor, the site offers both immediate income and future redevelopment potential. Ideal for investors or 1031 exchange buyers seeking a stabilized asset with upside.
Location
State IL
County Kane
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Others
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