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Mixed-Use Building In Winfield, IL Sold For $2.25M With Brokers Jennifer Hopkins & Olivia Czyzynski

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SOLD
$2,250,000

Illinois

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Mixed-use
Sold 09/01/2023
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SOLD

Mixed-Use Building In Winfield, IL Sold For $2.25M With Brokers Jennifer Hopkins & Olivia Czyzynski

0S050 Winfield Rd Winfield, IL 60190, USA

See Similar Deals
Mixed-use
Sold 09/01/2023
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Summary

ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale

A mixed-use building in Winfield, IL, has been sold for $2.25 million. The property, located at 0S050 Winfield Road, features a fully leased ground floor with retail and restaurant tenants. The buyer intends to convert the vacant second floor into medical office suites. The deal was facilitated by Jennifer Hopkins and Olivia Czyzynski, brokers from SVN Chicago Commercial, who have also been retained for leasing.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,250,000
  • Market: Winfield
  • Brokers: Jennifer Hopkins & Olivia Czyzynski - SVN Chicago Commercial

Jennifer Hopkins and Olivia Czyzynski, representing SVN Chicago Commercial, played a key role in the sale of the Winfield mixed-use building. With their expertise and assistance, the buyer plans to repurpose the second floor of the building into medical office suites, expanding the property's potential uses. The brokers have also been entrusted with the task of leasing the newly converted spaces, further demonstrating their commitment to the successful completion of the transaction.

Players

7 deals$23M volume
BROKER

Olivia Czyzynski
7 deals$23M volume
BROKER

Details

SOLD
IMAGE: Jennifer Hopkins & Olivia Czyzynski DATE: 09/01/2023 ADDRESS: 0S050 Winfield Road MARKET: Winfield ASSET TYPE: Mixed-use BROKERS: Jennifer Hopkins (@JHopkins06) & Olivia Czyzynski (@OliviaCzyzynski) - SVN Chicago Commercial (@SVN_Chicago) SALE PRICE: $2,250,000 NOTE: SVN Chicago Commercial helped sell a mixed-use building in Winfield, IL, for $2.25 million. The ground floor is fully leased to retail and restaurant tenants, while the buyer plans to convert the vacant second floor into medical office suites and has retained SVN Chicago Commercial for leasing.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77