$1,370,000
$1,394,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
9,400 SqFt
SOLD DATE : 09/03/2024
Key Details
Sold Price $1,370,000
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Sold
Purchase Type For Sale
Square Footage 9,400 sqft
Price per Sqft $145
MLS Listing ID 11978524
Sold Date 09/03/24
Annual Tax Amount $22,480
Tax Year 2022
Lot Dimensions .751
Property Description
Located on Rollins Road, this unique commercial site currently has two buildings that house a business and 4 rental units. The business, "Kiddie Kottage Childcare Inc." is an established day care facility with over 100 children enrolled. Both commercial spaces (5400sf) house this profitable operation. Infants and up to 2 years old are enriched in the smaller 1400 sf side, and the 3 year olds and up are serviced in the dividable 4000 sf new building. A play space connects the two with ample parking and circle drive to facilitate drop off and pick up. Both buildings have been well maintained (a repair and maintenance schedule is available) with numerous recent upgrades. Four apartments above larger building have long term residents and are currently rented below market due to length of tenancy. All are similar and in excellent condition with common entrance, separate addresses and metered utilities (except water - owner receives main bill and prorates to each unit). Building is served by city water and sewer, and Is directly across from commuter train depot. Rent roll for each unit supports building value.
Location
State IL
County Lake
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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