Under contract
Contingent
101 N VIRGINIA Street
Crystal Lake IL, 60014
$1,800,000
$77.96 per sqft
Under contract
Contingent
23,088 sqft
Commercial
Built in 1980
Courtesy of Premier Commercial Realty
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.
10320242
MLSⓇ ID
March 26, 2019
Listed
November 25, 2024
Updated
Map
101 N VIRGINIA Street
Crystal Lake IL, 60014
Interior Features
Total Stories
2
Floor Description
Carpet, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
1.24 Acres
Roof
Membrane
Other Property Details
Area Name
Crystal Lake / Lakewood / Prairie Grove
Taxes
$53,921
Tax Frequency
Annually
Days on Market
2012
Garage
No
View
No
County
McHenry
Municipality
Nunda
Pool
No
Zoning
OFFIC
Listing History
Date | Event | Price |
|---|---|---|
9/26/2024 | Under contract | — |
7/1/2024 | Price change | $1,800,000 -6% |
5/8/2024 | Price change | $1,900,000 -5% |
3/4/2024 | Price change | $1,999,000 -5% |
Courtesy of Premier Commercial Realty, Bruce Kaplan,
Listing Contact: 847-854-2300
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Lisa Anders are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 11/25/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 4:30 PM UTC, 11/25/2024
