For me its happend at least 3 times.A list of maintenance issues fixed and outstanding issues to be fixed.Tax information might give you some information but i doubt its based on any fact.Get examples of how much all things cost, water bill, garbage. 

I have no doubt that we could have done things better, but it seems to be going well in spite of our lack of experience.

When in doubt, bring in an inspector - you should do a full inspection of the property before closing anyway.

You should with out a doubt check out the areas in Aurora, Elgin and in between.

A lot of it would depend on exiting, isle placement, types of refrigeration, full or limited meat department, bakery, etc.Even the large grocers like Albertsons can't estimate a cost per square for a store buildout unless they've designed and constructed the buildings to their specs.Unless you're dealing with an experienced contractor who has built out multiple grocers, I doubt you'll be able to estimate a buildout cost.This type of capital improvement is just to large a component of leading costs so my advise would be to spend the money and have an architect layout the store, they don't need to draw up plans just yet, and then find a qualified contractor, or two, or three, to bid out the job.

There is no doubt that a LOCAL with deep roots and big team can make these work long term...

EVERYONE wants to flip a house - but I doubt many of us fully understand all that is involved.

You looking at $8k in property management, I doubt it is submetered for water.

Assuming you don't sell at ask, pay a realtor 1% higher than you should, and spend $25,000 on rehab-which I doubt you will.

(I know, because a local mechanic here kept ripping off servicemen, eventually, the base banned anyone from using him, and I believe he was broke within 6 months.)For anyone in doubt this statement is completely true.