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25520 West Black Road

5.5 Acre Industrial Land In Shorewood Sold For $1.1 Million With Jonathan Waldron As The Broker
SOLDLand

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:

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.

Players

Jonathan Waldron

John Greene Real Estate

Broker

$1.1M

vol

1 deal

Broker

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