Active

101 N VIRGINIA Street

Crystal Lake IL, 60014

$1,999,000


$86.58 per sqft

Active

23,088 sqft

Commercial

Built in 1980

Courtesy of Premier Commercial Realty

INVESTMENT OPPORTUNITY * 23,088 SF OFFICE BUILDING 8.2% CAP RATE * 10.9% 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. 10.9 % Proforma CAP rate with 5% vacancy factor. Current 8.2 % CAP with 18% vacancy. Ask broker for confidential operating statement and rent roll.

10320242

MLS ID

March 26, 2019

Listed

March 28, 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

$50,773


Tax Frequency

Annually


Days on Market

1811


Garage

No


View

No


County

Mc Henry


Pool

No


Zoning

OFFIC


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

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 Sarah Leonard Team 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 3/28/2024. 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.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:18 AM UTC, 3/28/2024

 

 

Powered byLuxury Presence