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
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