Last updated on April 11th, 2024
Multi Tenant Office Building in Crystal Lake
$1,999,000
101 N. Virginia Street, Crystal Lake, Illinois 60014
| Building Size | 23,088 Square Feet |
| Land Size | 53,840 Square Feet |
| Zoning | O |
| Parking | 70 |
| Water | city |
| Sewer | city |
| Electric | separately metered |
| Year Built | 1980 |
| Construction | Brick |
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.
Agent
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Office Phone: (847) 854-2300 ext. 20Mobile: (847) 507-1759
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.