• Waukegan, IL 60087

  • 5,000 SqFt
  • Other / Rent To Own

Property Details for null St, Waukegan, IL 60087

Features

Facts

Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

NOW AVAILABLE FOR LEASE OR SALE! Perfect for a contractor, landscaper, office, gym, restaurant, storage or small business. The shop and office is available for just $2,000 to $2,300 per month depending on utility usage! The 3 Apartment's above are leased like clockwork. The building has a total of 4 UNITS with the 3 apartments upstairs and the shop/office below. - 1st time on the market since 1961! This mixed use building has been the home of Wendricks White Plumbing for over 60 years. The main floor consists of 2,400 sq ft of office and shop space. In the rear is a covered parking spot with 212 sq ft of cold storage. The 3 apartments on the second floor total 2,375 sq ft making this 5,000 sq ft building a great investment for an owner user or someone looking to add to their portfolio. The shop & office on main level is now vacant and ready for a new business or an owner user. Previously the Gross Monthly Income was $4,355 / $52,260 Yearly. All the rents are below market so plenty of room to grow the income! Oncer the lower commercial space is leased for $2,000 to $2,300 per month it would bring the gross rent for the year over $60,000. Buyers need to have cash or at least 30% down prior to viewing. please provide proof of funds before calling or scheduling a showing, we get a lot of calls but no one has the backing so please be ready. If financing be sure your lender is qualified and knows the commercial market and that this is a mixed use property, please no time wasters. We do not own the parking lot next door with the old car wash. Thank you!

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Property Brokerage: Wendricks Real Estate 13153 W. 21st St. Wadsworth IL 60083
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All information provided is deemed reliable, but is not guaranteed and should be independently verified.