Updated Dec 21, 2023
Lauren Walz Of Coldwell Banker Realty Represents Buyer In $1.2M Sale Of Development Site In Western Springs
5001 Central Ave, Western Springs
$1,200,000
$301/SF
Building Size
3,982 SF
Asset Type
Development Site
Closing
Mar 8, 2021
About this deal
AI
A development site located at 5001 Central Ave in Western Springs was recently sold for $1,200,000. The property spans 0.55 acres and has a building square footage of 3,982. The price per building square foot is $301, indicating a lucrative opportunity for potential development.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,200,000
- Building Square Footage: 3,982
- Price per Building Square Foot: $301
- Address: 5001 Central Ave, Western Springs
- Market: Western Springs
The buyer's representative in this deal was Lauren Walz from Coldwell Banker Realty, while the seller's representative was Cindy Metcalf from D'aprile Properties. The transaction took place on March 9, 2021.
On the Map
$1,200,000
$301/SF
Development Site
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Players
Western Springs Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93