Price Reduction - Eco Friendly - Seller Financing
Address
777 S Milwaukee Avenue Lake Villa, IL
Price
$ 1,200,000
Property Attributes
  • MLS#09708875
  • TypeCommercial
  • CountyLAKE
  • CityLake Villa
  • AreaLake Villa - Lindenhurst
  • Zip60046
  • StyleCommercial,Retail
  • Year Built1992
  • Taxes51582
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage21000
Listing Provided Courtesy Of:
Realty World Tiffany R.E.
Property Description

HUGE PRICE REDUCTION!!! HIGHLY MOTIVATED SELLERS!!! EXCELLENT INVESTMENT OPPORTUNITY. HIGH VISIBILITY AND HIGH TRAFFIC COUNT WITH 405' OF FRONTAGE ON BUSY RT 83. BUILDING HAS 7 RENTABLE STORE FRONTS AND A 10% CAP RATE WHEN 100% OCCUPIED CURRENTLY 80% OCCUPIED. THERE IS ADDITIONAL SHOP SPACE WITH 12' CEILINGS AND 3 10X10 OVERHEAD DOORS. THERE ARE ALSO 2 RENTABLE OFFICES ABOVE THE SHOP AREA. LOTS OF POTENTIAL TO GENERATE MORE INCOME. LONG LEASES INTACT FOR CURRENT TENANTS. POTENTIAL FOR OWNER FINANCING.

Price History
8/2/2017 Listed $1,499,000
4/25/2020 1% - $1,489,000
10/13/2020 20% - $1,200,000

General Features

Property Type Retail/Stores
Property Type Commercial Sale
Roof Composition
Standard Status Active
Zoning COMMR

Exterior Features

Building Area Total 21000
Exterior Brick, Cedar
Lot Dimensions 259X429

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60046

Price
AVG $370K
$1.2M
Taxes
AVG $27,973
$51,582
Visits
AVG 48
54
Year Built
AVG 1988
1992
Walkscore
AVG 30
31
Data Provided by Walkscore ® not using MLS data

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