INVESTMENT PROPERTY FOR SALE
LIST PRICE: $325,000.00
LEASE EXPIRATIONS: January 31, 2032
RENT SCHEDULES
Baskin Robbins
Annual Rent: $36,000.00
Paid as follows:
Dec. Jan. Feb. Per Mo. $2000
March $2,500.00
Apr. thru Oct. Per Mo. $3,500
November – $3,000
Sterling Tax Accounting
Annual Rent: $14,400.00
Sterling Rent Escalations
2-1-2026 Thru 1-1-2029
Annual Rent: $16,800.00
2-1-2029 Thru 1-1-2032
Annual Rent: $18,000.00
BUILDING SIZE: +/- 2,450 Sq. Ft.
Baskin Robbins: +/- 1,328 Sq. Ft.
Sterling Tax Accounting: +/- 1,073 Sq. Ft.
Common Area: +/- 49 Sq. Ft.
Land Area: +/- 24,640 Sq. Ft. (+/-0.57 Acres)
2023 Real Estate Taxes: $10,291.84
Tax ID Number: 22-04.0-151-069
Annual Insurance: (2-1-24 thru 1-31-25): $2,140.00
Remarks:
Assessor’s 2024 Opinion of Value: $349,227.00
Resealed Synthetic Roof 2004 per Owner/
Warranty thru 2025
Prime corner location – May have room to enlarge building
would require City of Springfield approval.
Baskin Robbins primary Air Conditioner replaced Spring of 2024
Premise well maintained
Excellent Baskin Robbins reputation
Landlord expenses include RE taxes, Insurance, & maintenance
| Address: | 1700 South MacArthur |
| City: | Springfield |
| State: | Illinois |