2771 BLACK Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 18, 2024 | No longer available | - | |
| No longer available | |||
| Oct 27, 2023 | Price Decreased |
$249,000
↓ $50K
(16.7%) | |
| Price Decreased | |||
| Oct 3, 2023 | Price Decreased |
$299,000
↓ $21K
(6.6%) | |
| Price Decreased | |||
| Jul 28, 2023 | Listed by Keller Williams Preferred Realty | $320,000 | |
| Listed by Keller Williams Preferred Realty | |||
| | |||
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This is a BUSINESS & ASSET SALE ONLY. This Bar & Grill, is well known in the area. Located in a strong shopping plaza on the West side of Joliet. Turn-key opportunity with a fully equipped kitchen, hood, double fryer, 2-ovens, 6-burner range, 10 x 10 W/I cooler, 2-door freezer and stainless steel tables. 154 person seating capacity, stage, 3 am weekend close, sound & surveillance, flat screens, outdoor patio area, and ample parking! Your Full package, ready to go business, is waiting for for you.. The manager has listed the unit size as 3550 square feet.
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| Jan 18, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017