436-438 W Virginia Street Active Save Request In-Person Tour Request Virtual Tour
Crystal Lake,IL 60014
Key Details
Property Type Commercial Sale
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 5,624 sqft
Price per Sqft $47
MLS Listing ID 10635811
Year Built 1946
Annual Tax Amount $10,660
Tax Year 2018
Property Sub-Type Office/Tech
Property Description
FOR SALE OR LEASE- TWO (2) UNIT MULTI-TENANT COMMERCIAL BUILDING WITH PRIME NORTHWEST HIGHWAY FRONTAGE IN CRYSTAL LAKE. IDEAL FOR SINGLE TENANT OCCUPANCY, END USER/INVESTOR, OR INVESTOR. PROJECTED 14% CASH ON CASH RETURN WHEN BOTH UNITS LEASED AT AVERAGE LEASE RATE OF $12.50 SF GROSS. TOTAL OF 3,506 SF FOR SINGLE TENANT OCCUPANCY OR CURRENTLY DEMISED INTO 1,352 SF (436 VIRGINIA) & 2,154 SF (438 VIRGINIA). SEPARATELY METERED FOR UTILITIES. BRAND NEW FIRESTONE RUBBER MEMBRANE ROOF & ROOFTOP HVAC (UNIT 436). BASEMENT IN EACH UNIT FOR EXTRA STORAGE. WALL SIGNAGE FOR PROMINENT HIGHWAY EXPOSURE. STREET PARKING IN FRONT, ACROSS THE STREET, WITH ADDITIONAL EMPLOYEE PARKING IN REAR PRIVATE LOT. ZONED B2 ALLOWING MOST RETAIL, OFFICE, AND BUSINESS SERVICE USES.
Location
State IL
County Mc Henry
Area Crystal Lake / Lakewood / Prairie Grove
Zoning COMMR
Multi-Unit Info
Existing Lease Term Gross
Interior
Heating Forced Air,Gas
Cooling Central Air
Flooring Carpet,Concrete,Varies
Exterior
Garage Spaces 6.0
Utilities Available Electric to Site,Gas to Site,Sanitary Sewer,Water-Municipal
Roof Type Reflective Coating
Building
Dwelling Type Office/Tech
Story 1
Foundation Concrete Perimeter
Structure Type Brick,Stucco