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$ 125,000
Est. payment /mo
Price Dropped by $5K
400 S Wilson St Benton, IL 62812
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11969914
Property Description
Benton Self Storage located on the south side of Benton, Illinois. This 19-unit self storage facility is currently 95% occupied. Units range from 10x10, 10x15, 10x30 and 10x20. The facility is currently managed via Storable Easy and DaVinci Lock. All tenants are currently on electronic monthly payment. With rents stabilized over the last 24 months, this facility represents a gross cap rate of 12% using 2026 estimated revenues. Income:2025 Revenue: $14,7502026 Revenue: $16,817(Est.)Average/Estimated Income: $15,783.67 (AVG 2025 & 2026) Current Expenses:Yearly Tax: $1,290Insurance: $1,110 (est)Mowing: $1,400Electric: $400Misc Repairs: $200Softwares (+/-): $1,000 Total Expenses: $5,390 Net Income: $10,393.76Est Cap Rate: 8.3% The facility is easily operated with cameras on sight, lighting, easy to use software (transferable) and owner has a connection for a local property manager. Benton, IL is located just of HWY 57 near Rend Lake. Sitting on over 1.5 acres, there is ample opportunity for value add with additional units, boat/RV parking, fencing, etc.This property is Broker Owned.
Location
State IL
County Franklin County
Rooms
Kitchen 0