INVESTMENT OPPORTUNITY * 23,088 SF OFFICE BUILDING Price Reduced Attractive multi-tenant 2-story brick corporate office building on Route 14 in Crystal Lake at signalized intersection. Anchor tenant is Chicago Title and Trust. New roof in 2017. Mature landscaping and 70 car parking. Tenants pay heat and electric. Landlord pays for air conditioning. 10 % Proforma CAP rate with 5% vacancy factor. But no management fee. Ask broker for confidential operating statement and rent roll.
- Price:
- $2,200,000
- Acreage:
- 1.24
- Year Built:
- 1980
- Listing ID #:
- MRD10320242
- Street Address:
- 101 N Virginia St
- City:
- Crystal Lake
- State:
- Illinois
- Postal Code:
- 60014
- County:
- Mc Henry
- Community:
- Crystal Lake / Lakewood / Prairie Grove
- Listing Status:
- Active
- Listing Type:
- Office/Tech
- Exterior Description:
- Brick
- Flooring:
- Carpet, Tile
- Foundation:
- Concrete Perimeter
- Stories:
- 2
- Type Of Roof:
- Membrane
- Year Built:
- 1980
- Estimated Potential Income:
- 24607
- Gross Income:
- 295284
- Net Operating Income:
- 206530
- Operating Expense:
- 89902
- Conforms To Zoning:
- Offic
- Existing Land Use:
- Office
- Lot Square Footage:
- 53840
- Suitable Use:
- Office And Research
- Days On Market:
- 183
- Originating Mls:
- Mred
- Previous Listing Price:
- 2049000
- Property Taxes:
- $47,768
- Tax Year:
- 2020
- Tenant Pays:
- Electricity
- Parking Spaces:
- 70
- Cooling System:
- Central Air
- Electricity:
- Circuit Breakers, Separate Meters
- Utilities:
- Electric To Site, Gas To Site, Sanitary Sewer, Water-Municipal
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Premier Commercial Realty
