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

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SOLD
$250,000

Illinois

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196,891 SF
Sold 04/14/2022
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Property Image
SOLD

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

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

See Similar Deals
196,891 SF
Sold 04/14/2022
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Summary

ILLINOIS
Price Per Square Foot:$1
Total Square Footage:196,891 SF
Transaction Type:Sale

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
27 deals$33.9M volume(847) 219-3594
BROKER

James Hodur
Coldwell Banker
27 deals$29.6M volume
BROKER

Details

SOLD
IMAGE: Benjamin Miotti & James Hodur DATE: 04/14/2022 ADDRESS: 29833 North Skokie Highway MARKET: Lake Bluff, IL ASSET TYPE: Land BROKERS: James Hodur & Benjamin Miotti - Coldwell Banker Commercial SALE PRICE: $250,000 SF: 196,891~ PPSF: $1.27

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$13,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$888.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,185.13
Annual Debt Service$14,221.53