101 N VIRGINIA Street, Crystal Lake, IL 60014

  • $1,800,000
  • $2,499,000
101 N VIRGINIA Street, Crystal Lake, IL 60014
  • Commercial Sale
  • Property Type
  • 1980
  • Year Built
For Sale
101 N VIRGINIA Street, Crystal Lake, IL 60014
  • $1,800,000
  • $2,499,000

Overview

Property ID: 70240
  • Commercial Sale
  • Property Type
  • 1980
  • Year Built

Description

INVESTMENT OPPORTUNITY * 23,088 SF OFFICE BUILDING 10% CAP RATE * 12.2% PROFORMA CAP RATE 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 electric heat and outlets. Landlord pays for air conditioning. Auxiliary electric baseboard heaters throughout. 12.2 % Proforma CAP rate with 5% vacancy factor. Current 10 % CAP with 17.8% vacancy. Ask broker for confidential operating statement and rent roll.

  • Address 101 N VIRGINIA Street
  • City Crystal Lake
  • State/county IL
  • Zip/Postal Code 60014
  • Country United States

Details

Updated on July 12, 2024 at 3:39 pm
  • Property ID: 70240
  • Price: $1,800,000
  • Land Area: 1.24 Acres
  • Year Built: 1980
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 23088
  • MLS#: MRD10320242
  • Office Name: PREMIER COMMERCIAL REALTY
  • Agent Name: Bruce Kaplan
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD37217
  • List Agent MLSID: MRD370309
  • List Date: 2019-03-26T14:13:09.000Z
  • Roof: Membrane
  • Cooling: Central Air
  • Tax Annual: 53921
  • Tax Year: 2023
  • Flooring: Carpet,Tile
  • County: McHenry
  • Property SubType: Office

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