Mixed Use Investment
7512-16 Hancock Drive, Wonder Lake, Illinois 60097
Sold: $130,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
3,272 sqft
Land Size
8,276 sqft
Zoning
B1
Year Built
1946
Parking
6
Property Description
Fully leased mixed use investment property. Currently fully leased with 11.2% CAP rate. Located off main intersection in Wonder Lake. Consisting of (3) commercial units with 1.5 story residential unit and garage at the rear of the building. All current tenants are willing to sign long term leases upon sale. Tenants are also ready to vacate should the situation call for it. All 4 units are currently leased below market rents leaving a potential for increased income. New roof in 2014. This property is perfect for a beginner investor with tremendous potential for increased income. Contact broker for rent roll and financials. See attached layout and photos. Visit Premier Commercial Realty website to see more listings.