USAILJerseyville1401 Windy Ln
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1401 Windy Ln, Jerseyville, IL

House

Sold

Listed price in listed location currency (USD).
$96,100
$101,560

000

MLS® 11962014

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage 
Taxes $22,824
Lot Size 
Approx. Age 2017
MLS® Number 11962014

Property Address: 1401 Windy Ln, Jerseyville, IL, 62052-6562

Average square foot calculated using Size range provided by listing agent.

Description

NOTE: Seller has received multiple offers. The seller is requesting potential buyers to submit their highest and best offer, in all cash, no later than May 10, 2024 by 12:00pm. Major price reduction for investor equity buy-in of Dollar Tree retail standalone building. Tenant has a 25-year modified gross lease, with the first period ending in January 2028, then four consecutive five year options with rent escalations. Investor participation portion is at 18.93% of ownership, with the first period lease term at a capitalization rate of 15.1%. Cash investment requirement is $101, 560. This retail building is of steel and masonry construction, built in 2017, with a rentable area of 9, 000 sqft. Building features steel structural framing, exterior walls of concrete block and steel, with central HVAC, fire suppression and alarm system. Building sits on a parcel of 1.66 acres, with 48 surface parking spaces. Accessibility is by US Route 67, which is a major arterial. This Dollar Tree retail resides on the southern most portion of Jerseyville, off a major access road of US Route 67. The City of Jerseyville, has a population approaching 8, 000 residents, with a median household income of $63, 200. Jerseyville is located in Jersey County IL, 50 miles north of St. Louis
MLS® Number11962014
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2017
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Jun 3, 2024End Date
$96,100Sold Price

Sold

Apr 1, 2026List Date
$101,560List Price
  • Commute

Commute

Starting Address
Destination Address
1401 Windy Ln, Jerseyville, IL

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