Sergio Eguiarte Real Estate Team

503/507 Grundy Street
MAZON, IL 60444

Active

$223,000

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  • .50-.99 Acre

  • 269'X85'X368'X81'X80'X124' Dimensions

  • Commercial Current Use

  • Yes Building on Land

  • 269 Front Footage

  • COMMR Zoning

LOOKING FOR POSITIVE CASH FLOW?? THIS IS IT!! THREE BUILDINGS TOTALING 10,742 SQUARE FEET ON JUST UNDER 1-ACRE COMMERCIAL LOT. ONE BLDG, BUILT IN 1988, IS 30'X50' (1,500SF) W/(8) 4'X15' STORAGE UNITS RENTED FOR $25/MO PLUS (6) 8'X15' STORAGE UNITS RENTED FOR $50/MO. INCOME FOR THIS BLDG IS $500/MO. A 2ND BLDG, BUILT IN 1996, IS 20'X80' (1,600SF) W/(7) 10'X20' STORAGE UNITS RENTED FOR $50/MO & (4) 4'X10' UNITS RENTED FOR $25/MO FOR A TOTAL OF $450/MONTH. EVEN THOUGH RENTS ARE WELL BELOW MARKET RATES, THERE STILL IS MONTHLY POSITIVE CASH FLOW OF $950 MINIMUM FOR THESE 2 BLDGS ALONE. THE 3RD BLDG, BUILT IN 1957, IS INSULATED & HAS A TOTAL OF 7,642 SF INCLUDING 4 GAS HEATERS, 200 AMP SERVICE, OFFICE AREA W/NEW METAL ROOF, KITCHEN W/REFRIG, GAS STOVE, FREEZER, MICRO, DBL SINK, & POPCORN MACHINE, 2 HALF BATHS, 2 OVERHEAD DOORS (10'X12' & 12'X12'), & 5 STORAGE UNITS OF VARIOUS SIZES. SEE MLS #09494176 FOR A 2ND LISTING WHICH INCL ONLY 2 BLDGS TOTALING 9,142SF W/$500 MONTHLY INCOME
MLS#
09494179
Property Type
Land and Lot
Listed
Feb 3, 2017
original price
$235,000
price change
$12,000 ( 5.1%)

Additional Details

This listing 503/507 Grundy Street Mazon, Il 60444 is a land listing with on a lot of 40,511 sqft (or 0.93 acres). 503/507 Grundy Street is located in Mazon and in ZIP Code 60444. It has been listed on our site since 2/3/17.

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Sergio Eguiarte

  • Direct 630.942.6959
  • Cell 630.765.1702

Listing Office

Century 21 Coleman-Hornsby

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