Skip To Content
    Return to Previous Page

    400 Schmidt Road

    Bolingbrook, IL 60440
    • $1,395,000
    • STATUS: Active
    • ON SITE: 145 days
    • MLS #: 10700261
    UPDATED: 157 min ago
    $1,395,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,600
      SQFT
    • $89
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1982
    County:
    Area:

    School Ratings & Info

    Description

    This mixed use, 100% occupied, building has approximately 2/3 of its space occupied by twelve professional office tenants and the other third occupied by an equipment rental business. The equipment rental business has an additional 10,000 sf of outside storage space. Half of the office tenants have occupied their suites for approximately ten years or more. The leases are gross leases, i.e. taxes, CAM and utilities included. There are 50 parking spaces or 3.2 spaces per 1,000 sf. There are an additional 15 available spaces within 30 steps of the front of the building in the park district parking lot for overflow. The property is maintained by its owners. The owners are ready to retire. The rent roll and the income statement are available upon signing a non-disclosure agreement (see Additional Information) by the client and the broker. A new roof was installed, by the current owners, in 2005.

    Monthly Payment Calculator



    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2020-09-20T23:49:58.62 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.spaniakteam.com/homes/105385958
    Print Image

    400 Schmidt Road Bolingbrook, IL 60440

    • Price: $1,395,000
    • Status: Active
    • Updated: 157 min ago
    • MLS #: 10700261
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    15,600
    SQFT
    $89
    $/SQFT
    1982
    Built
    Neighborhood:
    Bolingbrook
    County:
    Will
    Area:
    Bolingbrook
    Property Description
    This mixed use, 100% occupied, building has approximately 2/3 of its space occupied by twelve professional office tenants and the other third occupied by an equipment rental business. The equipment rental business has an additional 10,000 sf of outside storage space. Half of the office tenants have occupied their suites for approximately ten years or more. The leases are gross leases, i.e. taxes, CAM and utilities included. There are 50 parking spaces or 3.2 spaces per 1,000 sf. There are an additional 15 available spaces within 30 steps of the front of the building in the park district parking lot for overflow. The property is maintained by its owners. The owners are ready to retire. The rent roll and the income statement are available upon signing a non-disclosure agreement (see Additional Information) by the client and the broker. A new roof was installed, by the current owners, in 2005.
    Exterior Features

    Foundation Concrete Lot Dimensions 150' X 305' X 169' X 305' Lot Sq Ft 49233 Number Of Parking Spaces 50

    Interior Features

    Air Conditioning Central Air Fire Protection Sprinklers-Wet Number Of Apts 0 Number Of Offices 12 Number Of Stores 1 Number Of Stories 2

    Property Features

    Age 36-50 Years Built Before1978 YN No Current Use Commercial Electric Expense Source Actual Electrical Service Over 600 Amps Electricity Expense 11062 Expense Year 2018 Fuel Expense 2733 Fuel Expense Source Actual Geographic Locale Far West Gross Rental Income Amount 217320 Heat Ventilation Central Bldg HeatForced AirGas Insurance Expense 2340 Insurance Expense Source Actual Net Oper Income Amount 114630 Net Operating Income Year 2019 Number Of Tenants 13 Other Expense Source Actual Other Expenses 30068 Owners Assoc YN No Rental Price 0 Tax Year 2018 Taxes 39743 Tenant Pays JanitorialOther Total Annual Exp 91824 Total Annual Expense Source Actual Total Annual Income 206554 Total Monthly Income 18110 Township Dupage Unincorporated YN No Water Expense 3502 Water Expense Source Actual Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Brummel Properties, Inc..


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2020-09-20T23:49:58.62 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10700261-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10700261-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10700261-2.jpg
    Logo
    eXp Realty
    1544 Shermer Road
    Northbrook IL, 60062