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Listed by Nick Block • Fawn Ridge Real Estate Co.
$225,000
Est. payment /mo
11,936 SqFt
Price Dropped by $25K
200-208 E North Street Pearl City, IL 61062
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,936 sqft
Price per Sqft $18
Subdivision Il
MLS Listing ID 202505607
Annual Tax Amount $5,087
Tax Year 2024
Lot Size 2.490 Acres
Property Sub-Type Commercial
Property Description
Self-Storage Facility Investment Offering. This self-storage property consists of four buildings containing 27 rentable units with approximately 11,936 square feet of covered storage space situated on 2.5 acres of land. There are 22 units at approximately 250 sq ft each (10x25) and 5 larger units in 2 additional buildings. The site provides expansion capacity for the development of additional buildings. The facility is currently operating at 96% occupancy with rental rates positioned below current market averages, presenting a clear opportunity for revenue growth. The buildings have been regularly maintained to ensure operational functionality and protection from weather conditions. Recent capital improvements include a new overhead door on a large unit (2025), a roller door replacement on a smaller unit (2024), and steel roof installations on the larger buildings within the last five years. The property's larger buildings (five units) are located within an AE Flood Zone. This offering presents investors with a stabilized income-producing asset, immediate upside potential through rental rate adjustments and marketing outreach, and future scalability through land development opportunities. Buyer and or buyer agent to verify all information, sizes, square footage, figures, school zones, taxes, exemptions, and zoning. Sizes and measurements approximate.
Location
State IL
Zoning Commercial Business
Rooms
Basement Slab
Interior
Hot Water None
Heating None
Flooring Concrete
Exterior
Exterior Feature Aluminum, Concrete, Frame, Metal, Shingle
Roof Type Shingle,Metal
Building
Sewer City
Water City
Schools
School District Pearl City 200
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