436-438 Virginia Street

    Crystal Lake, IL 60014
    • $305,900
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 10560268
    UPDATED: 34 min ago
    $305,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,506
      SQFT
    • $87
      $/SQFT
    Type:
    Commercial
    Built:
    1946
    County:

    School Ratings & Info

    Description

    FOR SALE OR LEASE- TWO (2) UNIT MULTI-TENANT COMMERCIAL BUILDING WITH PRIME NORTHWEST HIGHWAY FRONTAGE IN CRYSTAL LAKE. IDEAL FOR SINGLE TENANT OCCUPANCY, END USER/INVESTOR, OR INVESTOR. PROJECTED 14% CASH ON CASH RETURN WHEN BOTH UNITS LEASED AT AVERAGE LEASE RATE OF $12.50 SF GROSS. TOTAL OF 3,506 SF FOR SINGLE TENANT OCCUPANCY OR CURRENTLY DEMISED INTO 1,352 SF (436 VIRGINIA) & 2,154 SF (438 VIRGINIA). SEPARATELY METERED FOR UTILITIES. BRAND NEW FIRESTONE RUBBER MEMBRANE ROOF. BASEMENT IN EACH UNIT FOR EXTRA STORAGE. WALL SIGNAGE FOR PROMINENT HIGHWAY EXPOSURE. STREET PARKING IN FRONT, ACROSS THE STREET, WITH ADDITIONAL EMPLOYEE PARKING IN REAR PRIVATE LOT. ZONED B2 ALLOWING MOST RETAIL, OFFICE, AND BUSINESS SERVICE USES.

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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 2019-11-12T10:52:00.467 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/100356809

    436-438 Virginia Street Crystal Lake, IL 60014

    • Price: $305,900
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 10560268
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,506
    SQFT
    $87
    $/SQFT
    1946
    Built
    Neighborhood:
    Crystal Lake / Lakewood / Prairie Grove
    County:
    McHenry
    Area:
    Crystal Lake / Lakewood / Prairie Grove
    Property Description
    FOR SALE OR LEASE- TWO (2) UNIT MULTI-TENANT COMMERCIAL BUILDING WITH PRIME NORTHWEST HIGHWAY FRONTAGE IN CRYSTAL LAKE. IDEAL FOR SINGLE TENANT OCCUPANCY, END USER/INVESTOR, OR INVESTOR. PROJECTED 14% CASH ON CASH RETURN WHEN BOTH UNITS LEASED AT AVERAGE LEASE RATE OF $12.50 SF GROSS. TOTAL OF 3,506 SF FOR SINGLE TENANT OCCUPANCY OR CURRENTLY DEMISED INTO 1,352 SF (436 VIRGINIA) & 2,154 SF (438 VIRGINIA). SEPARATELY METERED FOR UTILITIES. BRAND NEW FIRESTONE RUBBER MEMBRANE ROOF. BASEMENT IN EACH UNIT FOR EXTRA STORAGE. WALL SIGNAGE FOR PROMINENT HIGHWAY EXPOSURE. STREET PARKING IN FRONT, ACROSS THE STREET, WITH ADDITIONAL EMPLOYEE PARKING IN REAR PRIVATE LOT. ZONED B2 ALLOWING MOST RETAIL, OFFICE, AND BUSINESS SERVICE USES.
    Exterior Features

    Construction BrickConcrete Block Docks None Foundation Concrete Frontage Access City StreetUs Highway Location Central Business DistrictPublic Transport Avail Lot Dimensions 38 X 148 Lot Sq Ft 5624 Number Of Parking Spaces 6 Number Of TLDocks 0 Roof Coverings Reflective Coating Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Ceiling Height Ft 14 Fire Protection Fire Extinguisher/SOther Floor Finish CarpetConcreteVaries Miscellaneous Inside Multi-TenantPrivate Restroom/SStorage InsideBasement Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking 6-12 Spaces

    Property Features

    Current Use Commercial Electrical Service Circuit Breakers101-200 Amps Estimated Cam SF 0 Expense Year 2017 Exterior Building Type BrickStucco Extra Storage Spaces Available YN No Financial Amounts For Total Building Rental Onl No Gross Rentable Area 3506 Gross Rental Income Amount 0 Heat Ventilation Forced AirGas Investment YN Yes Known Encumbrances None Known Lease Type Gross Max Avail Sq Ft Rentable 3506 Min Avail Sq Ft Rentable 1352 Net Oper Income Amount 0 Net Operating Income Year 2019 Net Rentable Area 3506 Number Of Tenants 2 Possession ClosingImmediateNegotiable Property Offered For Sale Or Rent Rental Price 15 Sale Terms ConventionalLease/PurchaseOwner May Help/Assist Tax Year 2018 Taxes 10660 Tenant Pays Air ConditioningElectricHeatScavengerWater/Sewer Total Annual Exp 0 Total Annual Expense Source Actual Total Annual Income 0 Total Monthly Income 0 Township Algonquin Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Water Drainage Storm Sewers Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Blue Chip Commercial Real Estate, Llc.


    © 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 2019-11-12T10:52:00.467 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