Newark IL Commercial for Sale
$1,995,000
105 Il-71 Newark, IL 60541
- Type:
- Retail
- Sq.Ft.:
- 9,520
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2007
- Baths:
- MLS#:
- 12048739
View additional info
Courtesy: eXp Realty, LLC
630-669-6318
ADDITIONAL INFORMATION
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!
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Newark Real Estate
The median home value in Newark, IL is $218,800. This is lower than the county median home value of $250,100. The national median home value is $219,700. The average price of homes sold in Newark, IL is $218,800. Approximately 67.25% of Newark homes are owned, compared to 22.99% rented, while 9.76% are vacant. Newark real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Newark real estate agent to arrange a tour today!
Newark, Illinois 60541 has a population of 1,251. Newark 60541 is less family-centric than the surrounding county with 41.16% of the households containing married families with children. The county average for households married with children is 43.85%.
The median household income in Newark, Illinois 60541 is $73,409. The median household income for the surrounding county is $89,860 compared to the national median of $57,652. The median age of people living in Newark 60541 is 33.8 years.
Newark Weather
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 13.8 degrees. The average rainfall is approximately 38 inches per year, with 26.6 inches of snow per year.