Yorkville, IL 60560,106 E Schoolhouse E Road
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Yorkville, IL 60560,106 E Schoolhouse E Road
Yorkville, IL 60560,106 E Schoolhouse E Road
Yorkville, IL 60560,106 E Schoolhouse E Road
Yorkville, IL 60560,106 E Schoolhouse E Road
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$ 1,200,000
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Active Under Contract

106 E Schoolhouse E Road Yorkville, IL 60560

12,000 SqFt


UPDATED:

11/19/2024 08:49 PM

Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $100

MLS Listing ID 12164448

Year Built 1970

Annual Tax Amount $19,085

Tax Year 2023

Lot Size 1.060 Acres

Lot Dimensions 1.06AC

Property Description

Rare opportunity to purchase a fully leased 12,000 SF multi-tenant building in rapidly growing Yorkville! Selling due to retirement after 30+ years of ownership, this actively managed asset is now primed for continued cash flow with considerable appreciation lying between a lively downtown and ever expanding residential development to the south. A total of 8 office/retail units comprise the first floor including a new five year lease to a child daycare occupying 3,150 SF. The second floor consists of six fully leased apartments: 2-one bedroom units and 4-two bedroom units. Units are spacious, mostly updated, and very easy to rent. All but one unit has a balcony. Coin operated laundry and storage lockers are located on main level. All tenants in the building are on year-to-year leases or longer; many of whom have been leasing their unit for 4 years or greater. Contact agent for rent roll details including tenants, lease rates, expenses, etc. Major improvements completed in 2024: complete tear off and replacement of roof, 2 furnaces, 1 new A/C, new flooring and paint in daycare. On site is a fenced in playground for the daycare, 2 car garage with attached storage space, two additional storage sheds, as well as a large green space that could be utilized for future development or expanded parking. Do not disturb the tenants- list agent must be present for all showings. Showings will typically require a 48 hour notice. Don't let this one pass you by- call for private showing!

Location

State IL

County Kendall

Zoning COMMR

Interior

Cooling Central Air, Central Individual, Window Unit(s)

Fireplace N

Exterior

Utilities Available Water-Municipal

View Y/N true

Roof Type Membrane

Building

Foundation Concrete Perimeter

Structure Type Brick,Wood Frame


Listed by Mike Waseen • john greene Commercial

Susan Bro

Agent | License ID: 475.164648

+1(312) 890-0535

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106 E Schoolhouse E Road