614-616 State Route 116 HWY, Germantown Hills, IL 61548
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614-616 State Route 116 HWY, Germantown Hills, IL 61548
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Listed by Frank McCloud • eXp Realty
$ 379,900
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614-616 State Route 116 HWY Germantown Hills, IL 61548

6,000 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $63

MLS Listing ID PA1269838

Annual Tax Amount $7,061

Tax Year 2025

Lot Size 1.040 Acres

Acres 1.04

Property Sub-Type Commercial

Source rmlsa

Property Description

This investment property provides exceptional cash flow with 12%+ Cap rate. The high visibility property is conveniently located between Germantown Hills and Metamora. It is currently divided into two suites that are currently fully leased. Suite 614 tenant occupies half of the main level and approximately 25% of the building. Suite 616 has a long term tenant that has signed a new lease and occupies the remaining half of the main level, the lower level 2 BR apartment unit with full kitchen, and two separated garages. Total annual Rents are $61,200 and expenses are $14,235 (taxes, insurance, lawn/snow/garbage). The property includes a generous size parking lot, is all ADA compliant, and has business park association/co-ownership for access to the surrounding land, septic and water. Additional life safety updates were recently completed in 2026 and approved by the state Fire Marshall for Medicaid services to be provided at the site. Property is agent owned

Location

State IL

County Woodford

Area Paar Area

Zoning commercial

Direction Route 116 North from EP thru Germantown Hills, property is on Frontage road on West side.

Interior

Heating Forced Air, Natural Gas, Individual Unit

Cooling Central Air, Multi Units

Flooring Carpet, Concrete, Tile

Fireplace N

Exterior

View true

Roof Type Composition Shingle,Sloped

Garage 1

Building

Building Description Brick,Vinyl Siding,Frame,Stone, Cable,Fiber Optics

Faces Route 116 North from EP thru Germantown Hills, property is on Frontage road on West side.

Sewer Septic Tank

Structure Type Brick,Vinyl Siding,Frame,Stone

Others

Tax ID 08-26-101-007


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614-616 State Route 116 HWY