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2-10 W Main St
Glenwood, IL 60425

$300,000 USD

Storefront Retail Office For Sale  •  3,800 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 3,800 SF
  • Lot Size 0.5 AC
  • Building Class B
  • Year Built 2003
  • Cap Rate 4.58 %
  • Tenancy Multiple
0 Transit Score
39 Walk Score

Description

Building has two new hvac units put in 2018.  New outdoor lighting in 2017. . new fence in 2017.  needs proper management in place to increase rents bc owner self manages and is not from the area. it used to get 73,000 a year before owner neglect.  Building is fully occupied but can evict tenant if wanting own space.

Financial Summary (Actual)

Net Operating Income: $1,217 USD (2023)
Cap Rate: 4.58 %
Total Expenses: $38,933 USD

Major Tenants

Tenant SF Occupied Lease End Date
Hair by Cece 1,018 SF 2/28/2024
Jackson Hewitt 747 SF 6/30/2024
Tai Accessories 1,151 SF 12/31/2023
Xtrodinary Kutz 880 SF 7/31/2024

Public Transportation

Commuter RailDriveWalkDistance
Homewood Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 10 min - 3.8 mi
Calumet Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 12 min - 4.7 mi
AirportDriveWalkDistance
Chicago Midway International 38 min - 22.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 19
Type: Surface
Included in Rent: Yes
Nicholas Pipikios 847-630-4659 GNP Realty Partners
Nicholas Pipikios 847-630-4659 GNP Realty Partners