9001 Us RteRichmond, IL 60071

Property Details for 9001 Us Rte

Year built

1959

Property size (Sq ft)

4,000 SF

Property type

Investment properties

Description

This exceptional investment opportunity presents a fully leased, two-unit automotive center totaling 4,000 square feet, situated on US Highway 12 in Richmond, Illinois. The property boasts a strong tenant roster, with Pete's Paint Works occupying one unit since 1986 and Medina Cars occupying the other since 2016. Both tenants are under long-term leases, extending through 2029 (Medina's lease has a renewal option). The all-masonry building, originally constructed in 1959 with subsequent additions, has undergone recent improvements including a new membrane roof and overhead doors. The property offers significant user-investor potential, as the auto body tenant (Medina Cars) is willing to vacate for a buyer requiring their 2,800 square foot space. This presents a unique chance to occupy a portion of the building while maintaining a substantial rental income stream from the remaining tenant. Financial data, including a rent roll and operating statement, is available upon request. The property's location on a major highway ensures high visibility and accessibility, making it an attractive proposition for both investors and owner-operators. The current cap rate is 10.57%. This is a rare opportunity to acquire a stable, income-producing asset with significant upside potential in a desirable location.

Location Insight

City

Richmond

County

McHenry

State

Illinois

Latitude

42.4575

Longitude

-88.3061

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].