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
Bedrooms-- Baths-- Sq 9,520
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Property for Rent in Newark, IL

for $1,995,000. This 9,520 square foot property 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!

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Rental Active

Price

$ 1,995,000

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
Construction Materials Steel Siding
Year Built 2007
Electric Circuit Breakers
Stories Count 2
Township Big Grove
Property Subtype Retail
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
Number Of Units Total 1
MLS Area Newark
Lot Size Square Feet 78137
Tax Annual Amount 16308
Additional Parcels Y/N N
Leasable Area 9520
Lease Type Net
Standard Status Active
Cap Rate 7.16
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 9520
Lot Dimensions 230X317X240X303
Frontage Type County Road
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* Excluded Features
List By
Exp Realty

Broker

brittany@smalltownsells.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2024$1,995,000 Listed Price

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