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    400 N Schmidt Road

    Bolingbrook, IL 60440
    • $1,395,000
    • STATUS: Active
    • ON SITE: 265 days
    • MLS #: 10700261
    $1,395,000
    • 0
      BEDS
    • 1.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,600
      SQFT
    • $89
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1982
    County:
    Area:

    School Ratings & Info

    Description

    This mixed use, 100% occupied, building has approximately 2/3 of its space occupied by twelve professional office tenants and the other third occupied by an equipment rental business. The equipment rental business has an additional 10,000 sf of outside storage space. Half of the office tenants have occupied their suites for approximately ten years or more. The leases are gross leases, i.e. taxes, CAM and utilities included. There are 50 parking spaces or 3.2 spaces per 1,000 sf. There are an additional 15 available spaces within 30 steps of the front of the building in the park district parking lot for overflow. The property is maintained by its owners. The owners are ready to retire. The rent roll and the income statement are available upon signing a non-disclosure agreement (see Additional Information) by the client and the broker. A new roof was installed, by the current owners, in 2005.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2021-01-18T23:51:38.127 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    400 N Schmidt Road Bolingbrook, IL 60440

    • Price: $1,395,000
    • Status: Active
    • MLS #: 10700261
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.13
    Acres
    15,600
    SQFT
    $89
    $/SQFT
    1982
    Built
    Neighborhood:
    Bolingbrook
    County:
    Will
    Area:
    Bolingbrook
    Property Description
    This mixed use, 100% occupied, building has approximately 2/3 of its space occupied by twelve professional office tenants and the other third occupied by an equipment rental business. The equipment rental business has an additional 10,000 sf of outside storage space. Half of the office tenants have occupied their suites for approximately ten years or more. The leases are gross leases, i.e. taxes, CAM and utilities included. There are 50 parking spaces or 3.2 spaces per 1,000 sf. There are an additional 15 available spaces within 30 steps of the front of the building in the park district parking lot for overflow. The property is maintained by its owners. The owners are ready to retire. The rent roll and the income statement are available upon signing a non-disclosure agreement (see Additional Information) by the client and the broker. A new roof was installed, by the current owners, in 2005.
    Exterior Features

    Foundation Details Concrete Perimeter Parking Total 50

    Interior Features

    Cooling Central Air Electric Over 600 Amps Fire Protection Sprinklers-Wet Heat Ventilation Central Bldg HeatForced AirGas Number Of Apts 0 Number Of Offices 12 Number Of Stores 1

    Property Features

    Additional Parcels YN No Built Before1978 YN No Cap Rate 8.22 Current Use Commercial Electric Expense 11062 Expense Year 2018 Fuel Expense 2733 Geographic Locale Far West Gross Income 217320 Gross Scheduled Income 206554 Insurance Expense 2340 Lot Size Dimensions 150' X 305' X 169' X 305' Net Operating Income Year 2019 Number Of Tenants 13 Operating Expense 91824 Other Expense 30068 Owners Assoc YN No Tax Annual Amount 39743 Tax Year 2018 Tenant Pays Janitorial ServiceOther Total Monthly Income 18110 Trash Expense 2376 Unincorporated YN No Water Sewer Expense 3502 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Brummel Properties, Inc..


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2021-01-18T23:51:38.127 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647