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29833 North Skokie Highway,...

Coldwell Banker Commercial Sells Land In Lake Bluff, IL For $250K
SOLD

Coldwell Banker Commercial Sells Land In Lake Bluff, IL For $250K

29833 North Skokie Highway, North Chicago, Illinois 60064, United States

$250,000

$1/SF

Building Size

196,891 SF

Asset Type

Closing

Apr 13, 2022

AI

A land located at 29833 North Skokie Highway in Lake Bluff, IL has been sold in a recent transaction. The deal was facilitated by James Hodur and Benjamin Miotti of Coldwell Banker Commercial. The sale price for the land was $250,000. The land spans a total area of approximately 196,891 square feet, resulting in a price per square foot of $1.27.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $250,000
  • Address: 29833 North Skokie Highway, Lake Bluff, IL
  • Market: Lake Bluff, IL
  • Brokers: James Hodur & Benjamin Miotti - Coldwell Banker Commercial
  • Total Square Footage: 196,891
  • Price per Square Foot: $1.27

James Hodur and Benjamin Miotti from Coldwell Banker Commercial successfully represented the parties involved in the transaction. Their expertise and assistance were instrumental in finalizing the sale of this land in Lake Bluff, IL.

Players

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker

Lake Bluff CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

63.45%

Cash-on-Cash

-18.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93