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14429 S Wallin S Drive Plainfield, IL 60544
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Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 10,400 sqft
Price per Sqft $105
MLS Listing ID 11896140
Sold Date 11/22/23
Year Built 2003
Annual Tax Amount $18,521
Tax Year 2021
Lot Size 1.280 Acres
Lot Dimensions 233X218X256X193X34
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.
Location
State IL
County Will
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick
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Bought with Eabad Haque • Coldwell Banker Realty