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    19560 Burnham Avenue

    Lynwood, IL 60411
    • $580,000
    • STATUS: Active
    • ON SITE: 41 days
    • MLS #: 11038003
    UPDATED: 60 min ago
    $580,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,761
      SQFT
    • $86
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to offer this turn-key investment opportunity located in the Burnham Commercial Subdivision of Lynwood, IL. This Single Tenant Net Leased property offers stable and predictable cash-flow with a 7.24% CAP Rate on current income. True NNN Lease with tenant paying all real estate taxes and operating expenses. Property leased for 5 years to automotive franchise operator with (2) additional 5 year options. Well maintained, single story building built in 1960 on 19,470 square foot lot located across from the Lansing Municipal Airport. 2nd PIN/lot included for another 13,940 sf, total of 3/4 acres. Property located near the intersection of Burnham Ave and Glenwood Lansing Road where 24,100 vehicles pass each day. Easy investment to manage!

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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 2021-05-12T08:51:56.71 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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    19560 Burnham Avenue Lynwood, IL 60411

    • Price: $580,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 11038003
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    6,761
    SQFT
    $86
    $/SQFT
    1970
    Built
    Neighborhood:
    Lynwood
    County:
    Cook
    Area:
    Lynwood
    Property Description
    We are pleased to offer this turn-key investment opportunity located in the Burnham Commercial Subdivision of Lynwood, IL. This Single Tenant Net Leased property offers stable and predictable cash-flow with a 7.24% CAP Rate on current income. True NNN Lease with tenant paying all real estate taxes and operating expenses. Property leased for 5 years to automotive franchise operator with (2) additional 5 year options. Well maintained, single story building built in 1960 on 19,470 square foot lot located across from the Lansing Municipal Airport. 2nd PIN/lot included for another 13,940 sf, total of 3/4 acres. Property located near the intersection of Burnham Ave and Glenwood Lansing Road where 24,100 vehicles pass each day. Easy investment to manage!
    Exterior Features

    Frontage Type Public Road Location Industrial Area/Campus Number Of Drive In Doors 6 Number Of TLDocks 0 Parking Total 20

    Interior Features

    Cooling Central AirOffice Only Electric Circuit Breakers Fire Protection Fire Extinguisher/S Heat Ventilation Central Bldg HeatGas Leasable Area 6761

    Property Features

    Additional Parcels YN Yes Cap Rate 7.24 Current Use Commercial Existing Lease Type Net Exterior Building Type Block Extra Storage Spaces Available YN No Financial Amounts For Total Building Rental Yes Gross Income 61369 Gross Scheduled Income 61369 Investment YN Yes Lot Size Dimensions 110X177 Min Avail Sq Ft Rentable 6761 Number Of Tenants 1 Operating Expense 2000 Property Offered For Sale Only Tax Annual Amount 17369 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerStructureSewer Total Monthly Income 5114 Unincorporated YN No Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Weichert, Realtors The Home Team.


    © 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 2021-05-12T08:51:56.71 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.

    Digital Millennium Copyright Act
     
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