Fully-Leased Prime Investment Property

247 Brook Forest Avenue Shorewood, IL 60404

247 Brook Forest Avenue, Shorewood, IL, 60404
247 Brook Forest Avenue, Shorewood, IL, 60404 247 Brook Forest Avenue, Shorewood, IL, 60404
FOR SALE
Property Type:
Free Standing Building
Amount:
$1,300,000
Last Verified:
Aug 20, 2024

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Highlights

  • Excellent passive investment opportunity with long-term tenant in place
  • 7-year term with multiple 5-year options, and 10% increases every 5 years
  • Freestanding building in Jewel-Osco anchored shopping center
  • Five curb cuts with access from Brook Forest Ave and Jefferson St
  • High visibility from major thoroughfare

Description

Single tenant net lease investment opportunity, offered at a 9.23% Cap Rate. Guiding Light Academy opened in June of 2014.

Located just 6 miles west of downtown Joliet, IL in strong trade area near national tenants, health systems, and highways.


Year Built: 2006
Building Size: 8663sq ft
Lot Size: 1.04 acres


Documents

Shorewood, 247 Brookf Forest, Investment, BC ZM.pdf

Map of 247 Brook Forest Avenue, Shorewood, IL, 60404

Presented by:
Caton Commercial Real Estate Group

Request additional information
Bill Caton


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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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