Property for Sale: 777 S Milwaukee, Lake Villa, IL 60046 SOLD
$905,000
$905,000
777 S Milwaukee,
Lake Villa, IL 60046 SOLD
$905,000
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Selling Price: $905,000
Original List Price: $1,499,000
Sold at 60.4% of list price
Sold Date: 09/17/2021
Type Commercial
Year Built 1992
City Lake Villa
County Lake
MLS 09708875
Status Closed
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.
Lot & Building Features
Construction Brick, Wood Frame
Cooling Central Air
Tax Year 2018
Lot Dimensions 259X429 ft
Price History of 777 Milwaukee, Lake Villa, IL
| Date | Name | Price | Difference |
|---|---|---|---|
| 06/11/2021 | Price Adjustment | $905,000 | 24.58% |
| 10/13/2020 | Price Adjustment | $1,200,000 | 19.41% |
| 04/25/2020 | Price Adjustment | $1,489,000 | 0.67% |
| 12/31/1969 | Listing Price | $1,499,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Direct: 773-350-5613
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Listed by Realty World Tiffany R.E., Bryan Shaughnessy
Sold by Realty World Tiffany R.E., Bryan Shaughnessy
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 Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Realty World Tiffany R.E. |