Listing Description
OUTSTANDING OPPORTUNITY TO OWN 4 RETAIL COMMERCIAL UNITS IN THIS VERY VISIBLE CORNER LOCATION AT KIMBALL AND PETERSON. 7.5% CAP AT CURRENT MONTHLY RENTS COULD EASILY BE 9% CAP. THE 4 STORE FRONTS ARE BEING SOLD AS A PACKAGE. 2 OF THE UNITS HAVE COMBINED INTO 1 AND IS CURRENTLY RENTED TO A SALON. THE CORNER END UNIT HAS A CURVED ENTRANCE WITH LOTS OF LIGHT AND IS RENTED TO A RETAIL STORE. THE B UNIT HAS JUST BEEN VACATED AND MAKES FOR A NICE OFFICE SPACE WITH A LARGE OPEN AREA AND 1 PRIVATE OFFICE/CONVERENCE ROOM. EACH UNIT HAS ITS OWN HVAC, BATHROOM AND KITCHENETTE. TENANTS PAY ALL INDIVIDUAL UTILITES. LOTS OF OPTIONS WITH THIS SPACE. RENT ALL 3 AT A REASONABLE CAP RATE. KEEP 1 FOR AN OFFICE AND CONTINUE TO RENT THE OTHERS WITH ESTABLISHED TENANTS. COMBINE SOME OR ALL UNITS FOR A LARGER COMMERCIAL SPACE DOWN THE LINE. EASY MAINTENANCE BEING APART OF THE PETERSON PARK CONDO ASSOCIATION. ASKING PRICE, TAXES & ASSESSMENTS ARE FOR ALL 4 UNITS COMBINED. TOTAL ASSESSMENTS FOR ALL 4 UNITS IS $395 A MONTH. ASSESSMENTS INCLUDE INSURANCE, REFUSE, SNOW REMOVAL, WATER. EASY TO SHOW DURING STORE FRONT BUSINESS HOURS. VACANT OFFICE CAN BE SHOWN AT ANYTIME.