$136,000
●
Commercial -
Off Market
12 Briarcliff Professional Center #12
Bourbonnais, IL 60914
Studio
0 Bath
$1,145
Est. Monthly
4.34%
Cap Rate
About This Property
Turnkey Office space at Briarcliff Professional Center! This
Office space has been updated with new laminate flooring, recessed
lighting, drywall and paint, and 1/2 Bathroom. Additional
insulation has also been added. This space is perfect for a
Law Office, Physician, Cosmetology, and much more. Spring and
Summer, enjoy break time or lunch on the back patio. FedEx and UPS
drop boxes nearby. Roof approximately 2021, Furnace, Water Heater,
Sump pump 2023. Zoned B1 - Central Commercial Business.
Large L shaped open space measures 24x13 + 10x12, Front
office 13x12, Rear office 12x9. *Mowing/Snow removal/Roof/Garbage
are covered by the $195/Mo. HOA fee.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$310
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MRED MLS #11967858)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 16, 2024 | Sold | ||
| Sold | |||
| Jan 29, 2024 | Listed by Berkshire Hathaway HomeServices Speckman Realty | $169,900 | |
| Listed by Berkshire Hathaway HomeServices Speckman Realty | |||
Property Highlights
Air Conditioning
Exterior Details
Exterior Building Type: Brick
Parcel Number: 17091919100500
Property Type: Commercial Sale
Property Sub Type: Office
Year Built: 1978
Building Area Total: 1000
Construction Methods: Brick
Lot Size Dimensions: LESS THAN .25 ACRE
Financial Details
Tax Year: 2022
Tax Annual Amount: $3,725
Utilities Details
Cooling: Central Air
Location Details
Township: Bourbonnais
Directions: Rt. 102 to William Latham Dr. left (West) to property on right side
County or Parish: Kankakee
Other Details
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/29/2024
|
Loft
|
-
|
-
|
$169,900
Loft
-
|
$136,000
-19.95%
07/16/2024
|
Amanda Fedrow
Speckman Realty Real Living
|
Building Info
About Bourbonnais
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Listed by: Amanda Fedrow, Berkshire Hathaway HomeServices Speckman Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11967858
All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11967858
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