105 IL-71, Newark, IL 60541
Kendall County
Key Facts
Description
Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
2007
Stories
2
Living Area
9,520 sq ft
Lot Size
78,137 sq ft
Lot Dimensions
230X317X240X303
Zoning
COMMR
Days on Market
748
MLS® Listing#
12048739
Property Features
Cooling
Construction
Foundation
Roof
Financial Details
Annual Taxes
$16,308
Tax year 2022
Parcel Number
0706402005
Directions
East bound Newark road. Left onto rte 71. Right into parking lot
Affordability Calculator
$399,000
Estimated monthly payment
$10,618/mo
Principal $1,596,000 · Est. interest $2,226,562 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark, IL
- $800,000
- Median Listing Price
- 110
- Median Days on Market
- 2,649
- Median Sq Ft
- $422
- Median Price / Sq Ft
- 2
- Active Listings
- This home’s price is 149% above the area median.
- Its price per sq ft is 50% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark, IL.
Location
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Points of Interest in Newark, IL
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EXIT Agents in Newark
Listing Courtesy: eXp Realty - (708) 674-0218
Last Updated: 2024-05-06