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1750 Cumberland Drive, ALGONQUIN, IL – $695,000

  • $695k Price
  • 17,335 Sqft
  • 1.95 Acres
  • $695k Price
  • 17,335 Sqft
  • 1.95 Acres

1750 Cumberland Drive

FULLY LEASED 14-UNIT 17000 SF MASONRY INDUSTRIAL BUILDING BUILT IN 2-STAGES (1975 AND 1994). 6-1000 SF UNITS WITH 14 FT CEILINGS AND 8 1400 SF UNITS WITH 15 FT CEILINGS. EACH WITH A BATHROOM AND SEPARATE GAS AND ELECTRIC METERS. UNITS 7-14 HAVE SEPARATE WATER METERS; LANDLORD PAYS WATER/SEWER FOR UNITS 1-6. NUMEROUS RECENT UPGRADES INCLUDED: 1) NEW RUBBER MEMBRANE ROOF WITH 15 YEAR WARRANTY (2013), 2) NEW PARKING LOT (2018), 3)EXTERIOR STAIN (2018) 4) TUCKPOINT TOUCHUP (2016), 5) NEW FIRE ALARM PANEL (2019) 6)NEW BACKFLOW PREVENTER (2019). 7.4% CURRENT CAP RATE WITH MUCH UPSIDE (LEASES ARE BELOW MARKET AND ALL MONTH TO MONTH). CURRENT WAITING LIST. UNITS HAVE 13 10X12 DRIVE IN DOORS SO YOU CAN DRIVE THRU. INDIVIDUAL GFA CEILINGS UNITS-A FEW HAVE CENTRAL AIR. SOME HAVE SMALL OFFICES. ADDITIONAL ADJACENT LAND AVAILABLE SEPARATELY FOR EXPANSION (2.23 ACRES FOR ONLY $126000).

Essential Information

  • MLS® #10490228
  • Price$695,000
  • Square Footage17,335
  • Acres1.95
  • Year Built1975
  • TypeCommercial
  • Sub-TypeIndustrial
  • StatusContingent

Community Information

  • Address1750 Cumberland Drive
  • AreaAlgonquin
  • CityALGONQUIN
  • CountyMc Henry
  • StateIL
  • Zip Code60102

Amenities

  • Parking Spaces34

Utilities

Electric to Site, Gas to Site, Sanitary Sewer to Site, Water-Municipal

Interior

  • HeatingForced Air, Gas, Ceiling Units
  • CoolingPartial
  • Stories1

Exterior

  • ExteriorBrick
  • Lot DescriptionCommercial Business Park
  • RoofFlat
  • ConstructionBrick
  • FoundationConcrete

Additional Information

  • ZoningINDUS

Listing Details

  • OfficePremier Commercial Realty
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Price Change History for 1750 Cumberland Drive, ALGONQUIN, IL (MLS® #10490228)

Date Details Change
Status Changed from Active to Contingent
Status Changed from New to Active

Premier Commercial Realty.

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Listing information last updated on October 14th, 2019 at 3:50am CDT.