ADDRESS
Suite C-1
55 East Erie St
Chicago, IL 60611
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$1,800,000
2012 Days Online
101 N VIRGINIA Street Crystal Lake, IL 60014
For Sale|Office|Active Under Contract
0
Beds
0
Full Baths
0
Partial Baths
23,088
SqFt
$78
/SqFt
1980
Built
County:
McHenry
Listing Courtesy of MRED as distributed by MLS Grid of Premier Commercial Realty brucek@premiercommercialrealty.com
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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.
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Listing Snapshot
Price
$1,800,000
Days Online
2012 Days
Bedrooms
N/A
Inside Area (SqFt)
23,088 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.24 Acres
Year Built
1980
MLS® Number
10320242
Status
Active Under Contract
Property Tax
$53,921
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 days ago | Status changed to Active Under Contract | |
| 3 months ago | Price changed to $1,800,000 | |
| 6 years ago | Listing first seen online | |
| 6 years ago | Listing updated with changes from the MLS® |
General Features
Acres
1.24
Additional Property Use
Office
Contingency
Other Contingency
Foundation
Concrete Perimeter
Number Of Stories
2
Property Sub Type
Office
SqFt Total
23088
Water Source
Public
Zoning
OFFIC
Interior Features
Cooling
Central Air
Electric
Circuit Breakers
Flooring
CarpetTile
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Exterior Features
Construction Details
Brick
Road Frontage
State Road
Roof
Membrane
Community Features
MLS Area
Crystal Lake / Lakewood / Prairie Grove
Township
Nunda
Listing Courtesy of MRED as distributed by MLS Grid of Premier Commercial Realty brucek@premiercommercialrealty.com
Based on information submitted to the MLS GRID as of 2024-09-30 03:35 AM UTC. 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.
Data last updated: 2024-09-30 03:35 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.
Based on information submitted to the MLS GRID as of 2024-09-30 03:35 AM UTC. 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.
Data last updated: 2024-09-30 03:35 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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