5.5 Acre Industrial Land In Shorewood Sold For $1.1 Million With Jonathan Waldron As The Broker
25520 West Black Road
$1,100,000
Building Size
—
Asset Type
Land
Closing
Aug 5, 2024
AI
A 5.5-acre industrial-zoned land site located at 25520 West Black Road in Shorewood has been sold for $1.1 million. The site includes a 2,000 sq ft building and was previously the location of a farm and pet supply store. Additionally, it possesses a No Further Remediation letter from the IEPA, confirming its environmental compliance.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,100,000
- Acres: 5.5
- Address: 25520 West Black Road
- Market: Shorewood
- Broker: Jonathan Waldron - John Greene Real Estate
The transaction was facilitated by broker Jonathan Waldron of John Greene Real Estate, representing the interests of the involved parties. The property’s historical use and environmental clearance provide a foundation for its potential future developments.
Shorewood Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93