Goodwill Acquires Retail Property In Ottawa, IL For $3.15M
501 W Stevenson Rd Ottawa, IL 61350, USA
$3,150,000
$176/SF
Building Size
17,888 SF
Asset Type
Retail
Closing
Aug 1, 2023
About this deal
AI
A retail property located at 501 West Stevenson Road in Ottawa, IL has been sold for $3,150,000. The property spans across 17,888 square feet, resulting in a price per square foot of $176. The sale took place on 08/01/2023.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $3,150,000
- Square Footage: 17,888
The buyer, Goodwill, acquired the property from the seller, John Dreyfous. The transaction was facilitated by Marc Hildenbrand from Friedman Real Estate.
The retail sale at 501 W Stevenson Rd Ottawa, IL 61350, USA in Chicago, Illinois sold for $3.2M in 2023. The building is 17,888 square feet, implying about 176 per square foot on the published price. Marc Guy Hildenbrand, Friedman Real Estate appear on the sale alongside Friedman Real Estate. This page is the Chicago, Illinois file for the 501 W Stevenson Rd Ottawa, IL 61350, USA retail sold: pricing, party profiles, and other closed retail comps from the same Chicago sit in the Market section below. Filter that Chicago retail set by closing date to see what else sold near 501 W Stevenson Rd Ottawa, IL 61350, USA around 2023. Published consideration for 501 W Stevenson Rd Ottawa, IL 61350, USA is $3.2M, dated 2023. Cite this Goodwill Acquires Retail Property In Ottawa, IL For $3.15M sale when underwriting similar retail product around Chicago, Illinois.
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93