Newark, IL 60541 105 IL-71
$1,995,000
26 more
Presented By: eXp Realty
SQFT • 9,520
Home Details
Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!
Presented By: eXp Realty
General for 105 IL-71
Additional Parcels Y/NNo
Cap Rate7.16
CityNewark
Construction MaterialsSteel Siding
CoolingCentral Air
CountyKendall
Current UseCommercial
DirectionsEast bound Newark road. Left onto rte 71. Right into parking lot
ElectricCircuit Breakers
Gross Income142800
Leasable Area9520
Lease TypeNet
Lot Size Square Feet78137
MLS AreaNewark
ModificationTimestamp2025-06-25T21:21:01.847Z
Net Operating Income142800
Number Of Units Total1
PossessionClosing
Property SubtypeRetail
Property TypeCommercial Sale
Property TypeRetail/Stores
RoofMetal
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount16308
Tax Year2022
TownshipBig Grove
Year Built2007
ZoningCOMMR
Exterior for 105 IL-71
Building Area Total9520
Foundation DetailsConcrete Perimeter
Frontage TypeCounty Road
Lot Dimensions230X317X240X303
Additional Details
Price History
