105 IL-71 Newark, IL ^$ 1,995,000

105 IL-71

^$ 1,995,000

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105 IL-71

Newark, IL, 60541

^$ 1,995,000

Studio Baths0.0 Sq 9,520

Monthly Estimate*

^$ 13,259

Studio

Commercial Property for sale in Newark, IL

for $1,995,000. This 9,520 square foot building was built in 2007 on a lot size of 1.79378.

Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!

Commercial Active

Price

^$ 1,995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 16,308

Style

Commercial

Lot Size

1.79378

Year Built

2007

Town/City

Newark

County/Region

Kendall

MLS | Web ID

12048739

Features

General

Cooling Central Air

Possession Closing

Roof Metal

Zoning COMMR

Year Built 2007

Electric Circuit Breakers

Stories 2

Township Big Grove

Property SubType Free Standing Store

Tax Year 2022

Current Use Commercial

Gross Income 142800

County Kendall

Net Operating Income 142800

Property Type Commercial Sale Retail/Stores

Status Active

Directions East bound Newark road. Left onto rte 71. Right into parking lot

City Newark

NumberOfUnitsTotal 1

MLS Area Newark

Lot Size Square Feet 78137

Street Name IL-71

Tax Annual Amount 16308

Additional Parcels Y/N N

Leasable Area 9520

Days on Market 7

Lease Type Net

Standard Status Active

Exterior

Foundation Details Concrete Perimeter

Building Area Total 9520

Lot Dimensions 230X317X240X303

Frontage Type County Road

Exterior Steel Siding

* Excluded Features

List By

Exp Realty, Llc

Broker

brittany@smalltownsells.com

Affordability Calculator

$14,618

Per Month

Monthly Principal & Interest: $13,259
Monthly Property Taxes: $1,359
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Newark, IL

Average List Price ^$1,995,000

Percent of Sale Price 0%

About Newark, IL

983 Population

11% Since 2002

^$61,276 Median Income

39.06 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/7/2024	$1,995,000		Listed Price

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105 IL-71, Newark, IL, 60541 is a Commercial Property for sale at $1,995,000 with 9,520 sqft and a lot size of 1.79378. 105 IL-71 is a studio with 0.0 baths and was built in 2007. The property's zip code is 60541 which is in Newark, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/4/2024.

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105 IL-71

Commercial Property for sale in Newark, IL

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