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    1730 P.J. Keller Highway

    Lexington, IL 61753
    • $325,900
    • STATUS: Active
    • ON SITE: 86 days
    • MLS #: 10997982
    UPDATED: 30 min ago
    $325,900
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,500
      SQFT
    • $217
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2012
    County:
    Area:

    School Ratings & Info

    Description

    Great Investment Opportunity for the Passive Investor. The property is located right off the I-55 interchange at exit 178. Currently the property is encumbered with a Five (5) year Net Lease, with building structure including roof as only Landlord responsibilities. The lease is in its second (2) five year term with 3 more options to renew, each with a 10% rental rate increase. This lease is corporately guaranteed by Subway Real Estate LLC.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-16T11:52:31.45 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1730 P.J. Keller Highway Lexington, IL 61753

    • Price: $325,900
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 10997982
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    1,500
    SQFT
    $217
    $/SQFT
    2012
    Built
    Neighborhood:
    Lexington
    County:
    Mc Lean
    Area:
    Lexington
    Property Description
    Great Investment Opportunity for the Passive Investor. The property is located right off the I-55 interchange at exit 178. Currently the property is encumbered with a Five (5) year Net Lease, with building structure including roof as only Landlord responsibilities. The lease is in its second (2) five year term with 3 more options to renew, each with a 10% rental rate increase. This lease is corporately guaranteed by Subway Real Estate LLC.
    Exterior Features

    Construction Materials Wood Frame Foundation Details Concrete Perimeter Frontage Type City Street Number Of Drive In Doors 0 Number Of TLDocks 0 Roof Composition Roof Structure Gable

    Interior Features

    Ceiling Height Ft 10 Cooling Central Air Electric Circuit Breakers Fire Protection Fire Extinguisher/S Flooring Tile Heat Ventilation Central Bldg HeatForced Air Leasable Area 1500

    Property Features

    Additional Parcels YN No Cap Rate 9 Current Use Commercial Expense Year 2021 Exterior Building Type Vinyl SidingBrick Extra Storage Spaces Available YN No Financial Amounts For Total Building Rental Yes Gross Income 37731 Gross Rentable Area 1500 Gross Scheduled Income 37731 Investment YN Yes Lot Size Dimensions 146X80X43X203X110 Min Avail Sq Ft Rentable 1500 Net Rentable Area 1500 Number Of Tenants 1 Operating Expense 888 Property Offered For Sale Only Tax Annual Amount 7047 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsSewer Total Monthly Income 3144 Unincorporated YN No Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Schrof Companies, Inc.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-16T11:52:31.45 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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