Coldwell Banker Commercial Sells Mixed-Use Property In Highland Park, IL For $1.1M
509 Elm Place, Highland Park, Illinois 60035, United States
$1,100,000
$122/SF
Building Size
9,000 SF
Asset Type
Mixed-use
Closing
Jan 28, 2022
About this deal
AI
The mixed-use property located at 590-600 Elm Place in Highland Park, IL has been sold for a sale price of $1,100,000. The property spans across 9,000 square feet, resulting in a price per square foot of $122. The transaction took place on January 28, 2022.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,100,000
- Address: 590-600 Elm Place
- Market: Highland Park, IL
- Square Footage: 9,000
- Seller's Representative: James Hodur, Ben Miotti & Kelly Wong - Coldwell Banker Commercial
- Buyer's Representative: Rob Rowe - Commercial Realty & Development Inc
The buyer's representative for this transaction was Rob Rowe from Commercial Realty & Development Inc. The seller's representatives were James Hodur, Ben Miotti, and Kelly Wong from Coldwell Banker Commercial.
Players
Highland Park 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93