Former Boat Dealership / Storage Facility

5.19 acres +/- site with 369’ of frontage on Union Ave. Income Producing Property -w- Potential for Additional Income Gross Income $120,000 annual / Net $103,000.00 Cap Rate 8% As of Nov 2024 Current Tenants w Leases & 90 day termination notice if Buyer is owner user. Front Building North Section 4,300 sf $3,000.00 month + Utilities , Auto Repair Mid Section 6,500 sf $2,000.00 month + Utilities South Section 2,100 sf $1,000.00 month + Utilities Rear Building 7,500 sf $4,000month + Utilities, Auto Works Additional Building to North of Main Building needs major renovations and or tear down 2,685 sf Total Square Feet under roof between 3 Buildings 25,713 sf Electric 200 Amp & 100 amp services / City Water & Sewer PROPERTY HIGHLIGHTS 8% Cap Rate / Low Will County Taxes $10,000.00 + Monthly Income Main Building features 15,528 sf with various ceiling heights from 10’6” to 18’9” Gas Heat and floor drain. North Section Measures 64’x61’ with CH of 18’9” and DID: 1-16’x16’ Middle Section Measures 182’ x 100’ with CH of 10’8” and 3 DID: 1- 10W x 12’6” T / 1- 12W x 10’T / 1-12’W x 11’T South Section Measures 60 x 40.73 with CH of 10’6” East Bay Measures 20’ x 60’ with CH of 11’3” DID: 1- 10’W x 12’ T ( Owners Use) East Building 7,500 sf Measures 60 x 125 used as a Boat / Auto Repair facility CH 15’6” 4 DID: 10’W x 12’T 2 DID: 22’W x 14’T 2 DID 10’ W x 14’T Leased $4,000.00 Monthly Additional Building to North of Main Building Needs major renovations and or tear down 2,685 sf Total Square Feet under roof between 3 Buildings 25,713 sf Zoning B-3 City Water & Sewer Built in 1963 Real Estate Tax 2023 $16,207.56