facebook
Traded Co logo
Submit

Lauren Walz Of Coldwell Banker Realty Represents Buyer In $1.2M Sale Of Development Site In Western Springs

Property Image
SOLD
$1,200,000
Lauren Walz
Cindy Metcalf

Illinois

See Similar Deals
Development Site3,982 SF
Sold 03/09/2021
the dealplayerscompscontact
Property Image
SOLD

Lauren Walz Of Coldwell Banker Realty Represents Buyer In $1.2M Sale Of Development Site In Western Springs

5001 Central Ave, Western Springs

See Similar Deals
Development Site3,982 SF
Sold 03/09/2021
Lauren Walz
Cindy Metcalf
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$301
Total Square Footage:3,982 SF
Transaction Type:Sale

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.

Players

Lauren Walz
Coldwell Banker
Lauren Walz
3 deals$14.3M volume
BROKER
Cindy Metcalf
Cindy Metcalf
1 deal$1.2M volume
BROKER

Details

SOLD
IMAGE: Lauren Walz & Cindy Metcalf DATE: 03/09/2021 ADDRESS: 5001 Central Ave MARKET: Western Springs ASSET TYPE: Development Site BUYER'S REP: Lauren Walz - Coldwell Banker Realty SELLER'S REP: Cindy Metcalf - D'aprile Properties PRICE: $1,200,000 BSF: 3,982 ~ PPBSF: $301 ACRES: 0.55

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35