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2230 Point Boulevard

Elgin, IL 60123
  • $2,400,000
  • STATUS: Active Under Contract
  • ON SITE: 91 Days
  • MLS #: 11965959
Under Contract
UPDATED: 170 min ago
$2,400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2004
County:
Area:

School Ratings & Info

Description

Remarkable opportunity for the savvy investor, or business that is looking to own their property and have a rent roll. This is a Bank Owned property and comes with Seller Financing option. This building has a total of 36,472 sq ft and has a total of 6 office locations within the complex. The property is located off of I-90 and Randall Rd at a very desirable location. There are 164 parking spaces(4.5 spaces per 1,000 sq ft leased). This would be great medical office location, large attorney firm, large accounting firm, Chiropractic office, Truck Dispatch Office, etc. This one is a Must see so set your appointment to view the property. The seller is selling the Property "AS IS" The seller is also looking to lease the vacant units. Seller Financing available with property vetting and able to get a 30 year fixed mtg for 7% interest rate. Have your Broker inquire.

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© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-24T19:01:36.61 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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2230 Point Boulevard Elgin, IL 60123

  • Price: $2,400,000
  • Status: Active Under Contract
  • On Site: 91 Days
  • Updated: 170 min ago
  • MLS #: 11965959
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2004
Built
Neighborhood:
Elgin
County:
Kane
Area:
Elgin
Property Description
Remarkable opportunity for the savvy investor, or business that is looking to own their property and have a rent roll. This is a Bank Owned property and comes with Seller Financing option. This building has a total of 36,472 sq ft and has a total of 6 office locations within the complex. The property is located off of I-90 and Randall Rd at a very desirable location. There are 164 parking spaces(4.5 spaces per 1,000 sq ft leased). This would be great medical office location, large attorney firm, large accounting firm, Chiropractic office, Truck Dispatch Office, etc. This one is a Must see so set your appointment to view the property. The seller is selling the Property "AS IS" The seller is also looking to lease the vacant units. Seller Financing available with property vetting and able to get a 30 year fixed mtg for 7% interest rate. Have your Broker inquire.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type Signal Intersection Outdoor Parking Over 100 Spaces Roof Structure Flat

Interior Features

Cooling Central Air Flooring Carpet Heat Ventilation Central Heat/Indiv Controls Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 16-25 Years Building Area Total 36472 Built Before1978 YN No Contingency Attorney/Inspection Continue To Show Yes Current Use Commercial Electric Separate Meters Fire Protection Sprinklers Geographic Locale Far West Gross Income 505884 Gross Scheduled Income 505884 Leasable Area 11326 Mls Actual Status Contingent Net Operating Income 388161 Number Of Tenants 3 Operating Expense 117723 Ownership Types Other Possible Use CommercialOffice and Research Property Offered For Sale or Rent Rental Price 14 Tax Annual Amount 55284.6 Tax Year 2022 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceTaxesInsuranceScavengerSewer Township Elgin Type Office/Tech Zoning OFFIC

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Capital Investment Realty Group Inc: 708-692-7283.


© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-24T19:01:36.61 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
 
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