NOT LISTED FOR SALE

109 3rd Ave W Milan, IL 61264

-- Bed
-- Bath
10,762 Sq Ft
1.16 Acres

Last Sold May 20, 2022

Last sale price $460,000 $43 Per Sq Ft

36 Days on Market

About This Home

As of May 2022

10,762 SF former Save More building for lease or sale. Includes all FF & E which features coolers, shelving, and fork lift for covered loading area. Located just off a highly traveled US-67. Large sign and ample lot.

Last Agent to Sell the Property

Shawn Langan

NAI Ruhl Commercial Company License #S62759000/475.162291 Listed on: 07/19/2021

NAI Ruhl Commercial Company

Co-Listed By

Pete Hadjis

NAI Ruhl Commercial Company License #S67761000/475.188914

Last Buyer's Agent

David Levin

Hawkeye Commercial Real Estate License #475.081178/B27165000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $14,917

Lot Details

  • 1.16

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$14,917

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Other, Retail
  • Lvt Date: 08/02/2021
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Tile/Vinyl
  • Total Building Sq Ft: 10762
  • Estimated Lot Sq Ft: 50529.6

Exterior Features

  • Exterior Finish: Concrete, Block
  • Frontage Access: City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Other Roof Construction
  • Wall Construction: Block

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 1.16
  • Zoning: C
  • Geo Subdivision: IL
  • Property Use: Flex Space, Other Property Use, Warehouse, Community Center, Street Retail

Rental Info

  • Lease Type: Gross
  • Owner Pays: None
  • Sale Lease Includes: Building, Land
  • Tenant Pays: All
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 14916.56
  • Parcel Id Number Tax Id: #11-696
  • Tax Incentive: None
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2022
Sold by
Dgogmilanil10202021 Llc
Bought by
Exchangeright Net-Leased High Ltv 2 Dst

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,272,015
Outstanding Balance
$5,108,235
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 19, 2021
Closed on
May 13, 2022
Sold by
Guru Nanak Save More Inc
Bought by
Dgogmilanil10202021 Llc
Seller's Agent
Shawn Langan
NAI Ruhl Commercial Company
Buyer's Agent
David Levin
Hawkeye Commercial Real Estate
List Price
$500,000
Sold Price
$460,000
Premium/Discount to List
-$40,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$952,984
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2021
Sold by
Ranbi Enterprises Inc
Bought by
Guru Nanak Save More Inc

Purchase Details

Closed on
Mar 12, 2020
Sold by
Guru Nanak Save More Inc
Bought by
Ranbi Enterprises Inc

Purchase Details

Listed on
Dec 28, 2018
Closed on
Apr 9, 2019
Sold by
Mary Ann Boemecke Revocable Trust
Bought by
Guru Nanak Save More Inc
Seller's Agent
John Ruhl
NAI Ruhl Commercial Company
Buyer's Agent
Shawn Langan
NAI Ruhl Commercial Company
List Price
$315,000
Sold Price
$610,000
Premium/Discount to List
$295,000
93.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
5.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Exchangeright Net-Leased High Ltv 2 Dst $1,450,000 None Listed On Document
Dgogmilanil10202021 Llc $460,000 Chicago Title
Guru Nanak Save More Inc -- Gomez Title
Ranbi Enterprises Inc -- Gomez Title
Guru Nanak Save More Inc $610,000 Mct Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Exchangeright Net-Leased High Ltv 2 Dst $5,272,015
Previous Owner Dgogmilanil10202021 Llc $952,984
Previous Owner Guru Nanak Save More Inc $488,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2022 05/20/22 Sold $460,000 -8.0% $43 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $500,000 -18.0% $46 / Sq Ft
04/11/2019 04/11/19 Sold $610,000 +93.7% $57 / Sq Ft View Prior Sale
01/28/2019 01/28/19 Pending -- -- --
12/28/2018 12/28/18 For Sale $315,000 -- $29 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,035 $184,829 $49,006 $135,823
2023 $17,035 $172,737 $45,800 $126,937
2022 $15,325 $159,352 $42,251 $117,101
2021 $15,227 $150,901 $40,010 $110,891
2020 $14,917 $147,077 $38,996 $108,081
2019 $3,117 $145,621 $38,610 $107,011
2018 $3,031 $143,894 $38,152 $105,742
2017 $13,283 $141,211 $37,441 $103,770
2016 $12,966 $140,509 $37,255 $103,254
2015 $12,995 $139,769 $37,059 $102,710
2014 -- $136,760 $36,261 $100,499
2013 -- $136,760 $36,261 $100,499
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4224785

RMLS Alliance

APN: 16-23-214-013