Description
Price Reduced. Mixed-use investment on busy Johnsburg Road. Low maintenance 5-unit neighborhood strip (4 stores and one 2 bedroom apartment) in the heart of Johnsburg. Original building completely rehabbed in 1992 and 3 units added at that time. Expansion possibilities with city sewer. Seller plans to sell building fully leased. 5-unit building on 0.8 acre lot. Pro-forma shows 9.4% CAP. Ask for rent roll and operating statement. If you're a candidate for being a user/investor, there is a possibility for your own business. (Unit D 1,250 SF). Another possibility is adding a small apartment building on the back surplus land on this 0.8 acre site. Owner is a licensed real estate broker.
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