Sheri Paper
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
Situated along Main Street (State Route 72), this well-maintained commercial property offers excellent visibility and access, including drive-through lanes. The building features a durable steel-frame structure with an all-brick exterior, providing long-term structural integrity and minimal maintenance requirements. The property is currently leased to a gym at $3,300 per month, with the lease running through November 1, 2028. This is a true NNN-style investment, as the tenant is responsible for all maintenance and operating expenses-no landlord responsibilities. Additional highlights include a whole-building backup generator, half of the roof recently replaced, annual taxes of $$6,180.58, and insurance costs of $3,600. The seller is willing to offer seller financing, making this an attractive opportunity for investors seeking stable cash flow and flexible terms.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1965
General Information
County: DeKalb
Listed By:
REMAX Legends
630-216-8000
MRED MLS
MLS ID: 12557144
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306 W Main Street, Kirkland, IL 60146.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $335,000 | $335,000 | $335,000 |
| Down Payment | $67,000 | $11,725 | $83,750 |
| Monthly Mortgage Amount | $1,564 | $1,920 | $2,036 |
| Taxes | $466 | $466 | $466 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $147 | $0 |
| Monthly Estimated Total | $2,130 | $2,633 | $2,602 |
Sheri Paper
REALTOR®
Cell: (563) 343-7688
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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