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.
Data Source:
Midwest Real Estate Data LLC
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

Construction Materials Brick, Wood Frame
Cooling Central Air
Current Use Commercial
Electric Circuit Breakers
Possible Use Commercial, Retail
Property Type Commercial Sale
Property Type Retail/Stores
Roof Composition
Standard Status Active
Stories 1
Tax Annual Amount 51582
Total Units 1
Township Lake Villa
Zoning COMMR

Exterior Features

Building Area Total 21000
Exterior Brick, Cedar
Foundation Details Concrete Perimeter
Frontage Type State Road
Lot Dimensions 259X429
Lot Size Square Feet 120810
Total Parking 75

Room Details

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

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • 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 $330K
$1.2M
Taxes
AVG $28,973
$51,582
Visits
AVG 150
179
Year Built
AVG 1987
1992
Walkscore
AVG 33
31
Data Provided by Walkscore ® not using MLS data

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