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101 N VIRGINIA Street,  Crystal Lake IL, 60014

(Active)
$1,900,000
|
23,088 sqft
|
MLS# 10320242
Last Updated: 5/8/2024 6:36 PM
Description for 101 N VIRGINIA Street Crystal Lake, IL 60014
INVESTMENT OPPORTUNITY * 23,088 SF OFFICE BUILDING 8.2% CAP RATE * 10.9% 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. 10.9 % Proforma CAP rate with 5% vacancy factor. Current 8.2 % CAP with 18% vacancy. Ask broker for confidential operating statement and rent roll.
Price
$1,900,000
McHenry
23,088 (approx)
10320242
Active
Description
INVESTMENT OPPORTUNITY * 23,088 SF OFFICE BUILDING 8.2% CAP RATE * 10.9% 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. 10.9 % Proforma CAP rate with 5% vacancy factor. Current 8.2 % CAP with 18% vacancy. Ask broker for confidential operating statement and rent roll.
Listing Information
Property Type: Office, Business Opportunities, 2 Story
1.24 Acres 23,088 (approx) 1980
2 Brick
Nunda//
Concrete Perimeter
Public
18 Total
Office
Neighborhood
Room Information
Interior Features
Tile, Carpet
Central Air
Exterior / Lot Features
Brick
Membrane
200X280
OFFIC
Driving Directions
SE CORNER OF ROUTE 14 AND WOODSTOCK STREET
Financial Considerations
1431476035
$50,773
Listing Price History

Crystal Lake Real Estate

Crystal Lake is located in Illinois. Crystal Lake, Illinois 60014 has a population of 39,114.

The median household income in Crystal Lake, Illinois 60014 is $91,394. The median household income for the surrounding county is $87,114 compared to the national median of $66,222. The median age of people living in Crystal Lake 60014 is 40 years.

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Courtesy: Premier Commercial Realty
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/8/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/8/2024 6:36 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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