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0S050 Winfield Rd Winfield,...

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

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

0S050 Winfield Rd Winfield, IL 60190, USA

$2,250,000

Building Size

Asset Type

Mixed-use

Closing

Sep 1, 2023

AI

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

Jennifer Hopkins

Broker

$23M

vol

7 deals

Broker

Winfield Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93