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777 W Bridge Street Monticello, IL 61856
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Key Details
Sold Price $1,025,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 3,992 sqft
Price per Sqft $256
MLS Listing ID 11763045
Sold Date 12/04/23
Year Built 2018
Annual Tax Amount $14,817
Tax Year 2021
Lot Size 0.520 Acres
Lot Dimensions 200.06X114.62
Property Description
0ffering medical leased office building with a NOI of $102,000 and long-term lease through 2037 in place. Property is leased to Memorial Health Systems, located in Springfield, Illinois, who acquired the original lessee, Decatur Memorial Hospital. 777 W Bridge in Monticello, Illinois is a 3,992 square foot building and constructed in 2018. Building is situated on 0.52 acres and is leased through 12/31/2037 with a triple net (NNN) lease at $27.00/SF. Memorial Health Systems Memorial Health System, based in Springfield, Illinois, is a leading healthcare organization in downstate Illinois with over 6,700 employees within their network of hospitals. Decatur Memorial Hospital (joined Memorial Health System in October 2019).
Location
State IL
County Piatt
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Bought with Jill Guth • GUTH & ASSOCIATES,LLC
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