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500 South Chicago Street
Joliet, IL 60436
Asking Price
$400K
Asset Type
Retail
Class
Class B
What's Special
Land | 28,795 SF | Value Add Opportunity <p><strong>THE ASSET</strong>: The Property is comprised of a 28,795 square foot parcel of land (0.66 acres). The Property is adjacent to a retail plaza and single tenant Dunkin’ and offers approximately 220 feet of frontage along S Chicago Street and approximately 245 feet of frontage along S Eastern Avenue. The Property is zoned B-3 (Business District). </p><p><strong>PROPERTY ZONING</strong>: The Property is zoned B-3 (Business District). The B-3 Business District is intended to accommodate r
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NOI
$80,000
Cap Rate
20.00%
DSCR
3.37
Strong
Cash-on-Cash
46.88%
Monthly Payment
$1,978.982
Annual Cash Flow
$56,252.219
