NOT LISTED FOR SALE

14209 State Highway 34 Benton, IL 62812

-- Bed
-- Bath
-- Sq Ft
1.25 Acres

Last Sold March 21, 2022

Last sale price $180,000

161 Days on Market

About This Home

As of March 2022

Attention Investors. This income producing property located on a high visibility highway on the edge of Benton is now available to add to your portfolio. When at full capacity, there are 59 total storage units. 5 Double units (11 x 24) at $90 each for $450 a month, 34 Large units (11 x 11) at $45 each for $1,530 a month, and 20 Small units (5 x 11) at $25 each for $500 a month. Potential income at full capacity is $2,480 per month or $29,760 per year. Expenses for taxes, mowing, waster, electric and insurance total $4,842 per year. For a net profit of $24,918 if at full capacity. That would be roughly a 12% CAP rate, or between 8 and 9 years to fully get back what you paid for the property with a full price offer. Call today to discuss adding this to your investment portfolio!

Last Agent to Sell the Property

David Gilchrist

RIVER 2 RIVER REALTY, INC. License #475154449 Listed on: 07/12/2021

Last Buyer's Agent

David Gilchrist

RIVER 2 RIVER REALTY, INC. License #475154449 Listed on: 07/12/2021

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,146

Lot Details

  • 1.25

Property Details

Property Type

Other

Est. Annual Taxes

$2,146

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment, Other, Warehouse
  • Lvt Date: 08/06/2021
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Maximum Ceiling Ht Feet: 8
  • Min Ceiling Ht Feet: 8
  • Total Building Sq Ft: 5280
  • Estimated Lot Sq Ft: 5280

Exterior Features

  • Exterior Finish: Steel
  • Frontage Access: State Road
  • Insulation: None
  • Roof Construction: Metal
  • Wall Construction: Steel/WD Frame

Utilities

  • Cooling: None
  • Heating: None
  • Security System: Yes

Lot Info

  • Estimated Number of Acres: 1.25
  • Zoning: COMMERCIAL
  • Estimated Land Size: 650 x 182 x 681 pie shape
  • Geo Subdivision: IL
  • Irregular Lot: Yes
  • Lot Size Remarks: Pie shape see aerial in photos

Rental Info

  • Sale Lease Includes: Building, Business, Land

Tax Info

  • Annual Taxes: 2145.88
  • Parcel Id Number Tax Id: 08-20-227-001
  • Tax Incentive: None
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 29, 2016
Sold by
Forby Gary
Bought by
Black Lisa
Source: Public Records

Range of Values:

Collateral Analytics

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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
Black Lisa -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2022 03/21/22 Sold $180,000 -13.9% --
12/20/2021 12/20/21 Pending -- -- --
11/22/2021 11/22/21 Price Changed $209,000 -16.4% --
07/12/2021 07/12/21 For Sale $249,900 -- --
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 $3,326 $38,625 $3,580 $35,045
2023 $3,149 $33,880 $3,140 $30,740
2022 $3,001 $30,800 $2,855 $27,945
2021 $2,783 $27,020 $2,505 $24,515
2020 $2,778 $27,475 $2,545 $24,930
2019 $2,714 $26,820 $2,485 $24,335
2018 $1,228 $12,280 $2,495 $9,785
2017 $1,212 $12,090 $2,455 $9,635
2016 $1,191 $11,775 $2,390 $9,385
2015 $1,141 $11,185 $2,270 $8,915
2014 $1,141 $11,530 $2,340 $9,190
2013 $109 $11,530 $2,340 $9,190
Source: Public Records

Agents Affiliated with this Home

  • David Gilchrist

    Seller's Agent in 2022

    David Gilchrist

    RIVER 2 RIVER REALTY, INC.

    (618) 889-6378

    1 in this area

    64 Total Sales

    David Gilchrist
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Map

Source: RMLS Alliance

MLS Number: EB440757

RMLS Alliance

APN: 08-20-227-002

Illinois Franklin County Benton 62812

14209 State Highway 34, Benton, IL

This home is located at 14209 State Highway 34, Benton, IL 62812 since 12 July 2021. 14209 State Highway 34 is a home located in Franklin County with nearby schools including Benton Grade School (K-4), Benton Grade School (5-8), and Benton Consolidated High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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