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14429 S Wallin Drive S

Plainfield, IL 60544
  • $1,100,000
  • STATUS: Closed
  • ON SITE: 72 Days
  • MLS #: 11896140
Sold - 11/22/2023
$1,100,000
SOLD - 11/22/2023
  • 0
    BEDS
  • 1.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2003
County:
Area:

School Ratings & Info

Description

This is a great opportunity for an investor looking to capitalize on the potential of an up and coming area. The 10,400 SF building is currently being re-purposed from a bank to a multi-use facility that could be used for a variety of purposes. The Property is 100% leased for 5 years to Special Education Services, also known as The Menta Group stable cash flow. First Floor SF 7,483 SF and Second Floor SF 2,917 SF. The building is located in a prime location in Plainfield IL, which is experiencing a surge in population growth and economic development. The building has great potential for a variety of uses, such as office space, retail, restaurant, or even a community center. The building is also conveniently located near major highways and public transportation. This is a great opportunity for an investor to capitalize on the potential of an up and coming area. Great investment or user building. Two story with elevator access to the second floor. First floor is approximately 7,500sf; 3,000sf second level B-2 Zoning allows for many uses in the community which benefits from strong day and evening population counts. The building is an all brick facility with four drive through lanes. It comes with 6 HVAC system, 2 full bathrooms and several offices in addition to elevator access to 2nd floor. On site parking is approximately 46 stalls. Parking ratio is 4.42/1,000. Very well maintained and offers 9.50% cap ratio.

Sold by Coldwell Banker Realty.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-09T23:57:36.503 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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14429 S Wallin Drive S Plainfield, IL 60544

  • Price: $1,100,000
  • Status: Closed
  • On Site: 72 Days
  • Updated: 187 min ago
  • MLS #: 11896140
0
Beds
0
Baths
0
½ Baths
1.28
Acres
2003
Built
Neighborhood:
Plainfield
County:
Will
Area:
Plainfield
Property Description
This is a great opportunity for an investor looking to capitalize on the potential of an up and coming area. The 10,400 SF building is currently being re-purposed from a bank to a multi-use facility that could be used for a variety of purposes. The Property is 100% leased for 5 years to Special Education Services, also known as The Menta Group stable cash flow. First Floor SF 7,483 SF and Second Floor SF 2,917 SF. The building is located in a prime location in Plainfield IL, which is experiencing a surge in population growth and economic development. The building has great potential for a variety of uses, such as office space, retail, restaurant, or even a community center. The building is also conveniently located near major highways and public transportation. This is a great opportunity for an investor to capitalize on the potential of an up and coming area. Great investment or user building. Two story with elevator access to the second floor. First floor is approximately 7,500sf; 3,000sf second level B-2 Zoning allows for many uses in the community which benefits from strong day and evening population counts. The building is an all brick facility with four drive through lanes. It comes with 6 HVAC system, 2 full bathrooms and several offices in addition to elevator access to 2nd floor. On site parking is approximately 46 stalls. Parking ratio is 4.42/1,000. Very well maintained and offers 9.50% cap ratio.
Exterior Features

Docks None Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City StreetFrontage Road Outdoor Parking 31-50 Spaces Parking Total 46 Roof Composition Roof Structure Gable

Interior Features

Cooling Central Air Flooring CarpetVinyl Heat Ventilation Central Heat/Indiv ControlsForced AirGas Miscellaneous Inside Common Lunchroom/sCommon Meeting Room/sEmployee KitchenElevator/s Passenger Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 7-15 Years Building Area Total 10400 Built Before1978 YN No Current Use Commercial Electric Service - 201 to 600 Amps Financing Conventional Fire Protection Alarm Monitored Geographic Locale Southwest Suburban Gross Income 110263 Gross Scheduled Income 110263 Leasable Area 7483 Location Mixed Use AreaFree Standing/Urban Mls Actual Status Closed Net Operating Income 0 Number Of Tenants 1 Operating Expense 0 Ownership Types Individual Possible Use CommercialOffice and ResearchRetail Property Offered For Sale Only Short Sale Not Applicable Tax Annual Amount 18521 Tax Year 2021 Tenant Pays Varies by Tenant Township Plainfield Type Office/Tech Utilities Electric to SiteGas to Site Zoning COMMR

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 630-954-4600.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-09T23:57:36.503 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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