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$2,400,000
Est. payment /mo
20,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $120
MLS Listing ID 12310220
Year Built 2000
Annual Tax Amount $60,636
Tax Year 2023
Lot Size 2.260 Acres
Lot Dimensions 276X355
Property Sub-Type Office/Tech
Property Description
SALE OR LEASE-USER INVESTOR OFFICE BUILDING-25 year old 20,000 sf masonry single story office building on 2.26 acres. 50% leased with $158,770 current gross income (plus CAM and tax over stops). 10,000 sf unit B vacant for user or new tenant. Space can be demised to 2500 sf or possibly less. See proforma rent roll and operating statement. 7.4% cap rate at 95% occupancy (using only $12 psf gross for vacant 10000 sf). Two long term quality tenants --Dialysis since 2012 and psychologist since 2016. Only a 9 iron from Northwestern Hospital.
Location
State IL
County Mchenry
Area Holiday Hills / Johnsburg / Mchenry / Lakemoor /
Zoning OFFIC
Interior
Cooling Central Air
Flooring Carpet, Tile, Varies
Fireplace N
Exterior
Utilities Available Natural Gas Available, Sewer Connected
Roof Type Membrane
Building
Dwelling Type Office/Tech
Water Municipal Water
Structure Type Brick
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Listed by Bruce Kaplan of Premier Commercial Realty
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