22025 Governors Hwy, Richton Park, IL 60471
22,675 SF Specialty Building Offered at $4,500,000 in Richton Park, IL 60471
For Sale
Active
Asking Price $4,500,000
- Property Type
-
Specialty
- Square Feet
- 22,675 SF
- Price / Square Foot
- $198
Listing Contacts
Al McCowan
Bob Gorman
Property Overview
A Solid Successful Business With Impeccable Community Reputation — The owner has decided to retire. Includes The school, constructed in 2007, generates over $3,600,000 per year in income and produces a 7.99% return on investment. In addition, there are two apartments Second Floor Owners Four Bedroom Apartment With Fireplace and additional Two Bedroom Apartment. Truly Top-Notch Facility!!! Easily Accessible and Close To Commuter Train.
Note: The mixture of commercial and residential in the primary gives it special real estate tax status making its real estate taxes about 60% less than other stand alone schools which are assessed at approximately 2.5 time higher.
Note: The mixture of commercial and residential in the primary gives it special real estate tax status making its real estate taxes about 60% less than other stand alone schools which are assessed at approximately 2.5 time higher.
Property Details
- Class
- B
- Year Built
- 2007
- Stories
- 2
- Property Subtype
- School
- Lot Size (sq. ft)
- 125,453 SF
Highlights
- Commuter rail station to downtown chicago a short walk away.
- Single business operator/ property owner since constructed, impeccably maintained and located near high visibility intersection.
- Building constructed in 2007 and specifically designed to comply with state codes and to facilitate efficient operation of a daycare center
- Building constructed in a fashion that realizes approximately 60% reduction in real estate taxes. (see brochure)
- Child Care facility licensed for 232 children with 15 classrooms. Pre-Covid near capacity, back up to approximately 80%.
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