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614-616 State Route 116 Highway Germantown Hills, IL 61548 • Commercial - Office • Active

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  • 614-616 State Route 116 Highway, Unit 614 and 61, Germantown Hills, IL 61548 Main Photo

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Description

This office building is conveniently located in between Germantown Hills and Metamora. It could be an excellent investment or opportunity for you to locate your business in the vacant 1500 SF (just listed for lease at $1600/mo modified gross plus utilities) and have rental income from the leased spaces. Current long term tenant just signed a new lease and occupies 75% of the building - 1500SF main floor and the lower unit with full kitchen, restroom and two garages. Projected rents are $61,200 and projected expenses are $14,235 (taxes, insurance, lawn/snow/garbage). The property includes a generous size parking lot, is all ADA compliant, and has business park association/co-ownership for access to the surrounding land, septic and water.

Property Highlights

Property Type: Commercial - Office
Building Description: 1.0 stories
Available Sqft: 1500
Year Built: 2015
Lot Size: 1.04 acres

General Information

County: Woodford
Listed By:
RE/MAX Traders Unlimited Mobile: 309-323-0399
RMLSA
$395,000
Est. $2,585/mo
Active
SQUARE FEET6,168 MLS#PA1264266
STATUSActive PROPERTY TYPECommercial - Office
TOUR PROPERTY

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Shown By

Bob Kelly
 (563) 650-2168

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614-616 State Route 116 Highway, Unit 614 and 61, Germantown Hills, IL 61548.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $395,000$395,000$395,000
Down Payment $79,000$13,825$98,750
Monthly Mortgage Amount $1,920$2,325$2,440
Taxes $550$550$550
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$174$0
Monthly Estimated Total $2,585$3,164$3,105

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