100% Leased Investment
150 S. Virginia Road, Crystal Lake, Illinois 60014
Sold: $550,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
10,665 sqft
Land Size
41,727 sqft
Sewer
City
Water
City
Zoning
M
Electric
200 amp 3 Phase
Year Built
1985
Parking
45
Property Description
100% Leased
Multi-Tenant Investment Opportunity
PRICE REDUCED. Fully leased multi-tenant industrial building, ideal for investor or user/investor. 10,665 SF 3-unit pre-engineered steel building.
Crystal Lake Lighting has 4,345 SF and is currently below market rent month to month, but may be willing to sign a longer lease at market.
Restoration One has 2 units, 1,975 and 4,345 SF. 5 DID’s separate gas and electric meters, 14’-16’ ceilings, 45 parking spaces.
Excellent exposure on Virginia Road near Rakow Road. Ask broker for operating statement and rent roll. Assessed at $801,510.
Owner appealed taxes. Will be reduced 22% per Algonquin Township Assessor.