Address
105 Il-71, Newark, IL
Price
$ 1,995,000
Property Attributes
- MLS#12048739
- TypeCommercial
- Listing Status Active
- CountyKENDALL
- CityNewark
- AreaNewark
- Zip60541
- StyleCommercial
- Year Built2007
- Taxes$ 16308
- Price$ 1,995,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage9520
- Lot Size1.79378 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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!
| Price History | |
|---|---|
| 5/7/2024 | Listed $1,995,000 |
General Features
| Cooling | Central Air |
|---|---|
| Possession | Closing |
| Roof | Metal |
| Zoning | COMMR |
| Construction Materials | Steel Siding |
| Year Built | 2007 |
| Electric | Circuit Breakers |
| Tenant Pays | All Utilities,Trash Collection |
| Stories Count | 2 |
| Township | Big Grove |
| Property Subtype | Retail |
| Tax Year | 2022 |
| Current Use | Commercial |
| Gross Income | 142800 |
| Assoc Fee Paid Per | Not Applicable |
| County | Kendall |
| Net Operating Income | 142800 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | East bound Newark road. Left onto rte 71. Right into parking lot |
| City | Newark |
| Number Of Units Total | 1 |
| MLS Area | Newark |
| Lot Size Square Feet | 78137 |
| Tax Annual Amount | 16308 |
| Additional Parcels Y/N | No |
| Leasable Area | 9520 |
| Lease Type | Net |
| Standard Status | Active |
| Property Type | Retail/Stores |
| Cap Rate | 7.16 |
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Building Area Total | 9520 |
| Lot Dimensions | 230X317X240X303 |
| Frontage Type | County Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60541
Price
Taxes
Year Built
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Illinois may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 25, 2026 2:41 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 25, 2026 2:41 AM UTC
