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    6207-6209 Northwest Highway

    Crystal Lake, IL 60014
    • $319,000
    • STATUS: Active
    • ON SITE: 38 days
    • MLS #: 11044146
    UPDATED: 79 min ago
    $319,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $80
      $/SQFT
    Type:
    Commercial
    Built:
    1956
    County:

    School Ratings & Info

    Description

    High Profile Commercial Building for Sale / Lease along Crystal Lake's primary retail corridor. Price has just been reduced to $319,000. Two (2) unit commercial building consisting of 4,000 SF. Ideal 0pportunity for retail or office users/investors. Lease the available 2,000 SF unit and receive additional income from the leased unit. Existing State Farm tenant's lease expires in 8/21 (may want to stay). Potential to occupy the entire 4,000 SF building by late summer. Units are separately metered for gas & electric. New rubber membrane roof was installed in 2015. Each unit has a 10' x 10' drive in door. Projected Cash on Cash return of 20% with both units leased at $14 SF gross.

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    © 2021 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-14T23:52:21.077 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.

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    6207-6209 Northwest Highway Crystal Lake, IL 60014

    • Price: $319,000
    • Status: Active
    • Updated: 79 min ago
    • MLS #: 11044146
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    4,000
    SQFT
    $80
    $/SQFT
    1956
    Built
    Neighborhood:
    Crystal Lake / Lakewood / Prairie Grove
    County:
    McHenry
    Area:
    Crystal Lake / Lakewood / Prairie Grove
    Property Description
    High Profile Commercial Building for Sale / Lease along Crystal Lake's primary retail corridor. Price has just been reduced to $319,000. Two (2) unit commercial building consisting of 4,000 SF. Ideal 0pportunity for retail or office users/investors. Lease the available 2,000 SF unit and receive additional income from the leased unit. Existing State Farm tenant's lease expires in 8/21 (may want to stay). Potential to occupy the entire 4,000 SF building by late summer. Units are separately metered for gas & electric. New rubber membrane roof was installed in 2015. Each unit has a 10' x 10' drive in door. Projected Cash on Cash return of 20% with both units leased at $14 SF gross.
    Exterior Features

    Construction Materials Block Foundation Details Concrete Perimeter Frontage Type State Road Number Of Drive In Doors 2 Number Of TLDocks 0 Outdoor Parking 1-5 Spaces Parking Total 15 Roof Membrane

    Interior Features

    Cooling Central Air Electric 101-200 Amps Fire Protection Fire Extinguisher/S Flooring CarpetConcrete Heat Ventilation Central Bldg HeatForced AirGas Indoor Parking 13-18 Spaces Leasable Area 2000 Miscellaneous Inside Overhead Door/SPrivate Restroom/S

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Current Use Commercial Existing Lease Type Gross Expense Year 2020 Exterior Building Type Masonite Extra Storage Spaces Available YN Yes Geographic Locale Northwest Suburban Gross Income 28560 Gross Rentable Area 2000 Gross Scheduled Income 28560 Investment YN Yes Lot Size Dimensions 50X200 Min Avail Sq Ft Rentable 2000 Net Rentable Area 2000 Number Of Tenants 2 Operating Expense 18440 Property Offered For Sale Or Rent Tax Annual Amount 13677 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceInsuranceScavengerSewer Unincorporated YN No Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Blue Chip Commercial Real Estate, Llc.


    © 2021 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-14T23:52:21.077 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
     
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