Investment Opportunity · Self Storage Building in Virginia, IL

Looking for an investment opportunity with a strong ROI? Look no further! This 21-unit storage building in Virginia, IL is fully-leased with a waiting list! Owners have never had a month with a vacancy since they purchased it in March 2019. Situated on a corner lot near the Virginia Police Department and local bank, the location is ideal. The 4600sqft building was constructed in 2004 and is in great shape. Explore the potential of expanding on the 120′ x 120′ lot – there’s plenty of space!

Annual Gross Income: $16,260.00
Annual Expenses: $3,721.56 (Property/Liability Insurance = $1,088.00, Property Tax = $2,633.56)
Annual Net Profit: $12,538.44

Units and current rates:

• Seven 12’ x 36’ @ $85/month
• One 10’ x 20’ @ $65/month
• One 8’ x 22’ @ $75/month
• Two 8’ x 12’ @ $55/month
• Six 10’ x 10’ @ $55/month
• Four 8’ x 9’ @ $45/month

Lease Type: Month to month. Contact us to obtain a copy of the rental agreement.
Parcel ID: 11-040-001-40
Utilities: Electric to the building; not currently connected. No water or sewer.
Surveillance cameras: On the building, but not currently activated.

To learn more or to make an offer, contact the Seller’s Designated Representative, Allison Worrell at 309-333-2500.