101 Virginia Street

    Crystal Lake, IL 60014
    • $2,499,000
    • STATUS: Active
    • ON SITE: 202 days
    • MLS #: 10320242
    $2,499,000
    • 0
      BEDS
    • 1.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,088
      SQFT
    • $108
      $/SQFT
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Fully leased attractive multi-tenant 2 story brick corporate office building on Rt 14 in Crystal Lake at signalized intersection. Anchor tenant is Chicago Title and Trust. New roof in 2017. Mature landscaping and 70 car parking lot. Tenants pay heat and electric. Landlord pays for Air Conditioning. 4 common bathrooms (2 per floor). Being offered at 7.57% cap rate with 5% vacancy factor. Ask for confidential operating statement and rent roll.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Perotti Group | Compass Real Estate. Based on information submitted to the MRED as of 2019-10-14T23:50:27.59 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.theperottigroup.com/homes/93048626

    101 Virginia Street Crystal Lake, IL 60014

    • Price: $2,499,000
    • Status: Active
    • MLS #: 10320242
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.24
    Acres
    23,088
    SQFT
    $108
    $/SQFT
    1980
    Built
    Neighborhood:
    Crystal Lake / Lakewood / Prairie Grove
    County:
    McHenry
    Area:
    Crystal Lake / Lakewood / Prairie Grove
    Property Description
    Fully leased attractive multi-tenant 2 story brick corporate office building on Rt 14 in Crystal Lake at signalized intersection. Anchor tenant is Chicago Title and Trust. New roof in 2017. Mature landscaping and 70 car parking lot. Tenants pay heat and electric. Landlord pays for Air Conditioning. 4 common bathrooms (2 per floor). Being offered at 7.57% cap rate with 5% vacancy factor. Ask for confidential operating statement and rent roll.
    Exterior Features

    Construction Brick Foundation Concrete Frontage Access City StreetState Road Location CornerMixed Use Area Lot Dimensions 200X280 Lot Sq Ft 54014 Number Of Parking Spaces 70 Number Of TLDocks 0 Roof Coverings Membrane Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Fire Protection Alarm Monitored Floor Finish CarpetTile Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/SMulti-TenantPrivate Restroom/S Number Of Drive In Doors 0 Number Of Stories 2 Outdoor Parking 51-100 SpacesLightedOpenPavedPrivate Lot

    Property Features

    Age 36-50 Years Built Before1978 YN No Current Use Office And Research Electrical Service Circuit BreakersSeparate Meters Expense Year 2018 Exterior Building Type Brick Extra Storage Spaces Available YN No Geographic Locale Northwest Suburban Gross Rental Income Amount 286010 Heat Ventilation Electric Investment YN Yes Known Encumbrances First Mortgage Max Avail Sq Ft Rentable 450 Min Avail Sq Ft Rentable 300 Miscellaneous Outside Handicapped AccessSecurity Lighting Net Oper Income Amount 18936 Net Operating Income Year 2018 Number Of Tenants 17 Possession NegotiableTenant's Rights Potential Use Office And Research Property Offered For Sale Only Sale Terms Conventional Tax Year 2017 Taxes 45095 Tenant Pays Electric Total Annual Exp 83269 Total Annual Expense Source Actual Total Annual Income 286010 Total Monthly Income 23834 Township Nunda Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Water Drainage Storm Sewers Zoning Type Offic

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Premier Commercial Realty.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Perotti Group | Compass Real Estate. Based on information submitted to the MRED as of 2019-10-14T23:50:27.59 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    The Perotti Group | Compass Real Estate
    1643 N Milwaukee
    Chicago IL, 60647