Skip To Content

101 N Virginia Street

Crystal Lake, IL 60014
  • $1,999,000
  • STATUS: Active
  • ON SITE: 1851 Days
  • MLS #: 10320242
UPDATED: 33 min ago
$1,999,000
  • 0
    BEDS
  • 1.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 23,088
    SQFT
  • $87
    $/SQFT
Type:
Commercial
Built:
1980
County:

School Ratings & Info

Description

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.

Monthly Payment Calculator



© 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 Suburban Life Realty. Based on information submitted to the MRED as of 2024-04-20T19:32:36.197 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
www.suburbanliferealty.com/homes/93048626
Print Image

101 N Virginia Street Crystal Lake, IL 60014

  • Price: $1,999,000
  • Status: Active
  • On Site: 1851 Days
  • Updated: 33 min ago
  • MLS #: 10320242
0
Beds
0
Baths
0
½ Baths
1.24
Acres
23,088
SQFT
$87
$/SQFT
1980
Built
Neighborhood:
Crystal Lake / Lakewood / Prairie Grove
County:
Mchenry
Area:
Crystal Lake / Lakewood / Prairie Grove
Property Description
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.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City StreetState Road Outdoor Parking 51-100 SpacesLightedOpenPavedPrivate Lot Roof Membrane Roof Structure Flat Water Drainage Storm Sewers

Interior Features

Cooling Central Air Flooring CarpetTile Heat Ventilation Electric Miscellaneous Inside Accessible EntranceAccessible Washroom/sMulti-TenantPrivate Restroom/s Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Building Area Total 23088 Built Before1978 YN No Current Use Office Electric Circuit BreakersSeparate Meters Fire Protection Alarm Monitored Geographic Locale Northwest Suburban Gross Income 0 Gross Scheduled Income 0 Leasable Area 0 Location CornerMixed Use Area Mls Actual Status Active Net Operating Income 214168 Operating Expense 95633 Ownership Types Land Trust Possible Use Office and Research Property Offered For Sale Only Property Sub Type Office Seller Needs Lease or Rent Tax Annual Amount 50773 Tax Year 2022 Tenant Pays Electricity Township Nunda Type Office/Tech Utilities Electric to SiteSanitary SewerWater-Municipal Zoning OFFIC

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Premier Commercial Realty: 847-854-2300.


© 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 Suburban Life Realty. Based on information submitted to the MRED as of 2024-04-20T19:32:36.197 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
 
https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_4_10320242-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_4_10320242-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_4_10320242-1.jpg
Logo
Suburban Life Realty
350 Sundown Rd.
South Elgin IL, 60177