About this property
INVESTMENT OPPORTUNITY
SELF STORAGE UNITS
PRICE REDUCED
204 Self Storage units partially leased. Undermanaged self storage project with 6 buildings of 3,500+ SF each totaling 27,693 SF on 1.84 acres.
Current income only $30,684/yr. due to lack of attentiveness. Needs a new lease-up program. Potential annual income is excess of $187,000.
Some deferred maintenance. Steel construction. Algonquin Township Assessor has assessed this at $1,763,300 per tax bills.
Unit Mix: 53 (5x10), 60 (10x10), 88 (10x20), 2 (10x30). 5 paying outdoor parking spaces, 1 leased shed. Contact broker for financials and rent roll.
6 Multi-tenant industrial buildings also available separately for $2,250,000. Additional address for this property is 6210 Official Drive. Other PINs are 09-08-227-009 and 014.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 27,693 sqft
- Land Size
- 1.84 acres
- Zoning
- M1
- Year Built
- 1977
Documents 1 file
Last updated: Sep 30, 2026
Location
- Address
-
6419 Lou Street
Crystal Lake, Illinois 60014