101 North Virginia Street, Crystal Lake, IL

$1,999,000

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1.24

Acres

About 101 North Virginia Street

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.

Features of 101 North Virginia Street

MLS® # 10320242
Price $1,999,000
Bathrooms 0.00
Acres 1.24
Year Built 1980
Type Commercial Sale
Sub-Type Office/Tech
Status Active

Community Information

Address 101 North Virginia Street
Area Crystal Lake / Lakewood / Prairie Grove
City Crystal Lake
County McHenry
State IL
Zip Code 60014

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Brick
Roof Membrane
Foundation Concrete Perimeter

Additional Information

Days on Market 1850
Zoning OFFIC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficePremier Commercial Realty

Listing Map

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