2-10 W Main St
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2-10 W Main St
3,800 SF 100% Leased Retail Building Glenwood, IL 60425 $432,270 CAD ($114 CAD/SF) 4.58% Cap Rate
Executive Summary
Building has two new hvac units put in 2018. New outdoor lighting in 2017. . new fence in 2017. needs proper management in place to increase rents bc owner self manages and is not from the area. it used to get 73,000 a year before owner neglect. Building is fully occupied but can evict tenant if wanting own space.perfect for owner user as well
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$57,852
|
$15.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,852
|
$15.22
|
| Taxes |
$43,718
|
$11.50
|
| Operating Expenses |
$12,380
|
$3.26
|
| Total Expenses |
$56,099
|
$14.76
|
| Net Operating Income |
$1,754
|
$0.46
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $57,852 |
| Annual Per SF | $15.22 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $57,852 |
| Annual Per SF | $15.22 |
| Taxes (CAD) | |
|---|---|
| Annual | $43,718 |
| Annual Per SF | $11.50 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,380 |
| Annual Per SF | $3.26 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,099 |
| Annual Per SF | $14.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,754 |
| Annual Per SF | $0.46 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
B
Year Built
2003
Price
$432,270 CAD
Price Per SF
$114 CAD
Cap Rate
4.58%
NOI
$19,781 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.50 AC
Parking
19 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
About 2-10 W Main St , Glenwood, IL 60425
Building has two new hvac units put in 2018. New outdoor lighting in 2017. . new fence in 2017. needs proper management in place to increase rents bc owner self manages and is not from the area. it used to get 73,000 a year before owner neglect. Building is fully occupied but can evict tenant if wanting own space.
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Hair by Cece
- Services
- 1,018 SF
- -
- Modified Gross
- Feb 2024
- Jackson Hewitt
- Finance and Insurance
- 747 SF
- -
- Modified Gross
- Jun 2024
- Tai Accessories
- -
- 1,151 SF
- -
- Modified Gross
- Dec 2023
- Xtrodinary Kutz
- Services
- 880 SF
- -
- Modified Gross
- Jul 2024
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Hair by Cece | Services | 1,018 SF | - | Modified Gross | Feb 2024 | |
| Jackson Hewitt | Finance and Insurance | 747 SF | - | Modified Gross | Jun 2024 | |
| Tai Accessories | - | 1,151 SF | - | Modified Gross | Dec 2023 | |
| Xtrodinary Kutz | Services | 880 SF | - | Modified Gross | Jul 2024 |
PROPERTY TAXES
| Parcel Number | 32-03-326-013-0000 | Total Assessment | $89,494 CAD (2024) |
| Land Assessment | $20,566 CAD (2024) | Annual Taxes | $43,718 CAD ($11.50 CAD/SF) |
| Improvements Assessment | $68,928 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
32-03-326-013-0000
Land Assessment
$20,566 CAD (2024)
Improvements Assessment
$68,928 CAD (2024)
Total Assessment
$89,494 CAD (2024)
Annual Taxes
$43,718 CAD ($11.50 CAD/SF)
Tax Year
2023
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2-10 W Main St
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