Kevin Dolan
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Three income streams and prominent North Ave frontage anchor this commercial investment opportunity, bringing together 2 properties on 1.29 acres. The offering includes a 3,900 SF restaurant building, a 1,220 SF automotive dealership building and an income producing billboard, with reported combined annual rental income of $162,406. The restaurant tenant, automotive dealership tenant and billboard provide diversified rental income within an established commercial corridor surrounded by retail, dining and neighborhood businesses. The combined 56,221 SF site pairs reported rental income with potential future rental growth as lease terms and market conditions allow. Longer term repositioning or redevelopment may offer additional possibilities, subject to zoning and municipal approvals. North Ave visibility and multiple revenue sources make this offering a compelling option for investors seeking current rental income and future potential.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1979
Lot Size: 1.29 acres
General Information
County: DuPage
Listed By:
Platinum Partners Realtors
630-435-3500
MRED MLS
MLS ID: 12786969
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345-351 W North Avenue, Villa Park, IL 60181.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $2,200,000 | $2,200,000 | $2,200,000 |
| Down Payment | $77,000 | $0 | $440,000 |
| Monthly Mortgage Amount | $14,372 | $15,140 | $12,156 |
| Taxes | $3062 | $3062 | $3062 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,321 | $0 | $0 |
| Monthly Estimated Total | $19,397 | $18,844 | $15,860 |
Kevin Dolan
REALTOR®
Cell: (563) 506-4265
Licensed in IA
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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