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6207-6209 Northwest Highway

Crystal Lake, IL 60014
  • $319,000
  • STATUS: Active
  • ON SITE: 193 Days
  • MLS #: 11044146
UPDATED: 37 min ago
$319,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,000
    SQFT
  • $80
    $/SQFT
Type:
Commercial
Built:
1956
County:

School Ratings & Info

Description

High Profile Commercial Building for Sale / Lease along Crystal Lake's primary retail corridor. Price has just been reduced to $319,000. Two (2) unit commercial building consisting of 4,000 SF. Ideal 0pportunity for retail or office users/investors. Lease the available 2,000 SF unit and receive additional income from the leased unit. Existing State Farm tenant's lease expires in 8/21 (may want to stay). Potential to occupy the entire 4,000 SF building by late summer. Units are separately metered for gas & electric. New rubber membrane roof was installed in 2015. Each unit has a 10' x 10' drive in door. Projected Cash on Cash return of 20% with both units leased at $14 SF gross.

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© 2021 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 2021-10-17T14:00:34.29 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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6207-6209 Northwest Highway Crystal Lake, IL 60014

  • Price: $319,000
  • Status: Active
  • Updated: 37 min ago
  • MLS #: 11044146
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,000
SQFT
$80
$/SQFT
1956
Built
Neighborhood:
Crystal Lake / Lakewood / Prairie Grove
County:
McHenry
Area:
Crystal Lake / Lakewood / Prairie Grove
Property Description
High Profile Commercial Building for Sale / Lease along Crystal Lake's primary retail corridor. Price has just been reduced to $319,000. Two (2) unit commercial building consisting of 4,000 SF. Ideal 0pportunity for retail or office users/investors. Lease the available 2,000 SF unit and receive additional income from the leased unit. Existing State Farm tenant's lease expires in 8/21 (may want to stay). Potential to occupy the entire 4,000 SF building by late summer. Units are separately metered for gas & electric. New rubber membrane roof was installed in 2015. Each unit has a 10' x 10' drive in door. Projected Cash on Cash return of 20% with both units leased at $14 SF gross.
Exterior Features

Exterior Building Type Masonite Foundation Details Concrete Perimeter Frontage Type State Road Outdoor Parking 1-5 Spaces Parking Total 15 Roof Membrane

Interior Features

Cooling Central Air Flooring CarpetConcrete Heat Ventilation Central Bldg HeatForced AirGas Miscellaneous Inside Overhead Door/SPrivate Restroom/S Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4000 Built Before1978 YN Yes Current Use Commercial Electric 101-200 Amps Fire Protection Fire Extinguisher/S Geographic Locale Northwest Suburban Gross Income 28560 Gross Scheduled Income 28560 Leasable Area 2000 Net Operating Income 0 Number Of Tenants 2 Operating Expense 18440 Property Offered For Sale Or Rent Property Sub Type Office Rental Price 12 Tax Annual Amount 13677 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceInsuranceScavengerSewer Township Algonquin Type Office/Tech Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Blue Chip Commercial Real Estate.


© 2021 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 2021-10-17T14:00:34.29 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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4112C Fieldstone Road
Champaign IL, 61822