$550,000
$649,000
15.3%For more information regarding the value of a property, please contact us for a free consultation.
10,190 SqFt
SOLD DATE : 12/08/2023
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 10,190 sqft
Price per Sqft $53
MLS Listing ID 11892155
Sold Date 12/08/23
Year Built 1990
Annual Tax Amount $28,085
Tax Year 2022
Lot Size 0.710 Acres
Lot Dimensions 207X150X205X150
Property Sub-Type Office/Tech
Property Description
All brick 10,190 SF 2-story elevator equipped office building with high visibility on Route 176 in Crystal Lake... Asking price reflects a 9.0% plus CAP rate based on stabilized occupancy at current lease rates...Building amenities include customized offices, easily accessible common washrooms, floor to ceiling windows, 45 private parking spaces, elevator and monument signage...Over $140,000 recently spent upgrading the 1st floor offices...Complete conversion of the interior and exterior LED lighting was recently completed and will reduce significantly maintenance and energy costs... Roof & elevator are maintained under service agreements...Contact broker for financials and rent rolls.
Location
State IL
County Mc Henry
Area Crystal Lake / Lakewood / Prairie Grove
Zoning OFFIC
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 2
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Bought with Christopher Bartnick • Berkshire Hathaway HomeServices Starck Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "