16723 Richmond Avenue Markham, IL ^$ 399,000

16723 Richmond Avenue

^$ 399,000

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16723 Richmond Avenue

Markham, IL, 60426

^$ 399,000

Studio Baths0.0 Sq 16,600

Monthly Estimate*

^$ 2,652

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Studio

Commercial Property for sale in Markham, IL

for $399,000. This 16,600 square foot building was built in 1981 on a lot size of 0.88.

16,000 sq ft auction priced at $399,000! The American Dream is "alive and well" and evident in this investment opportunity. Convenient to all expressways. 6 units are occupied, 1 vacant and available immediately. Each unique with some containing large overhead doors, reception areas, multiple bathrooms, shower, upper level lofts, etc. Inside and outside storage as well as parking. One tenants unit is decked out as a man cave with checkerboard tiles, black ceilings and a wall of lockers and cabinets. Located in an industrial complex shared by similar entrepreneurial visions. Utilize for your business or rent to like-minded individuals. Nothing supports your goals better than a rent roll from other tenants of your choosing! Taxes drastically reduced for 2023. Showing May 30th 12:00

Commercial Active

Price

^$ 399,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 80,920

Style

Lot Size

0.88

Year Built

1981

Town/City

Markham

County/Region

Cook

MLS | Web ID

12039455

Features

General

Cooling Window Unit(s)

Zoning INDUS

Year Built 1981

Electric Service - 0 to 100 Amps

Tenant Pays Electricity Heat Janitorial Service Insurance Repairs

Stories 1

Township Bremen

Property SubType Other

Tax Year 2022

Gross Income 135000

County Cook

Net Operating Income 54080

Operating Expense 0

Property Type Commercial Sale Industrial

Status Active

Directions I-80 TO KEDZIE NORTH TO 167TH EAST TO RICHMOND

City Markham

Total Units 7

MLS Area Markham

Lot Size Square Feet 38000

Street Name Richmond

Tax Annual Amount 80920

Additional Parcels Y/N N

Leasable Area 16600

Days on Market 7

Lease Type N/A

Standard Status Active

Exterior

Building Area Total 16600

Lot Dimensions 297 X 130

Lot Size Acres 0.88

Interior

Street Suffix Avenue

* Excluded Features

List By

Century 21 Circle

Broker

mike@mccattyrealestate.com

Affordability Calculator

$9,395

Per Month

Monthly Principal & Interest: $2,652
Monthly Property Taxes: $6,743
Monthly Home Insurance: --

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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 Markham, IL

Average List Price ^$852,815

Percent of Sale Price 114%

About Markham, IL

12,164 Population

-6% Since 2002

^$35,158 Median Income

34.78 Median Age

32% 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
5/8/2024	$399,000		Listed Price

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16723 Richmond Avenue, Markham, IL, 60426 is a Commercial Property for sale at $399,000 with 16,600 sqft and a lot size of 0.88. 16723 Richmond Avenue is a studio with 0.0 baths and was built in 1981. The property's zip code is 60426 which is in Markham, 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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Data is updated as of 5/26/2024.

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16723 Richmond Avenue

Commercial Property for sale in Markham, IL

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