5700 Walnut Street Richmond, IL ^$ 1,035,000

5700 Walnut Street

^$ 1,035,000

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5700 Walnut Street

Richmond, IL, 60071

^$ 1,035,000

Studio Baths0.0 Sq 42,000

Monthly Estimate*

^$ 7,230

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Studio

Commercial Property for sale in Richmond, IL

for $1,035,000. This 42,000 square foot building was built in 1930 on a lot size of 2.29.

Major Price Reduction! 42000 steel and concrete block industrial building on over 2 acres of fenced-in property. This building can be divided into 3 distinct sections (which are connected), which makes it perfect for a user/investor. The original section was built in the 1930's and the others were added later. Ceilings range from 11'-21'. Space features several drive in doors and a 2 story unfinished (needs remodeling) office space, 6 bathrooms and fenced in outside storage on both the North and South ends of the property. There is room to install a truck dock. Low price reflects deferred maintenance including roof work. Only $24.64 psf! SBA financing available with only 10% down.

Commercial Active

Price

^$ 1,035,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 10,484

Style

Lot Size

2.29

Year Built

1930

Town/City

Richmond

County/Region

McHenry

MLS | Web ID

11789064

Features

General

Cooling Office Only

Utilities Electric to Site Gas to Site Sanitary Sewer

Possession Negotiable Tenant's Rights

Zoning INDUS

Construction Materials Block Steel Siding Wood Frame

Year Built 1930

Electric Circuit Breakers Service - 201 to 600 Amps Three Phase

Tenant Pays Varies by Tenant

Stories 1

Township Richmond

Property SubType Manufacturing / Warehousing

Tax Year 2022

Gross Income 0

County Mc Henry

Net Operating Income 0

Operating Expense 0

Property Type Commercial Sale Industrial

Possible Use Commercial Industrial

Status Active

Directions N. Main Street (Route12) 2 Blocks North of Kenosha Street (Route 173) to Walnut St West to to Property

City Richmond

Total Units 1

MLS Area Richmond

Lot Size Square Feet 99752

Street Name Walnut

Tax Annual Amount 10484.5

Additional Parcels Y/N N

Leasable Area 0

Days on Market 64

Standard Status Active

Interior

Flooring Concrete

Street Suffix Street

Exterior

Foundation Details Concrete Perimeter

Building Area Total 42000

Lot Dimensions 494' X 283 ' X 500' 122

Lot Size Acres 2.29

Frontage Type City Street

Exterior Aluminum Siding Steel Siding Block

* Excluded Features

List By

Premier Commercial Realty

Broker

brucek@premiercommercialrealty.com

Affordability Calculator

$8,103

Per Month

Monthly Principal & Interest: $7,230
Monthly Property Taxes: $874
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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 Richmond, IL

Average List Price ^$587,450

Percent of Sale Price 43%

About Richmond, IL

1,702 Population

21% Since 2002

^$63,672 Median Income

43.71 Median Age

27% 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
7/14/2023	$1,035,000	-10.00%	Price Down
5/22/2023	$1,150,000		Listed Price

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5700 Walnut Street, Richmond, IL, 60071 is a Commercial Property for sale at $1,035,000 with 42,000 sqft and a lot size of 2.29. 5700 Walnut Street is a studio with 0.0 baths and was built in 1930. The property's zip code is 60071 which is in Richmond, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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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Data is updated as of 4/29/2024.

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5700 Walnut Street

Commercial Property for sale in Richmond, IL

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