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5.5 Acre Industrial Land In Shorewood Sold For $1.1 Million With Jonathan Waldron As The Broker
SOLD
$1,100,000
Illinois
See Similar DealsLand
Sold 08/05/2024
SOLD
5.5 Acre Industrial Land In Shorewood Sold For $1.1 Million With Jonathan Waldron As The Broker
25520 West Black Road
See Similar DealsLand
Sold 08/05/2024
Summary
ILLINOIS
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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