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Fully Leased Investment Office

77 E. Crystal Lake Avenue, Crystal Lake, Illinois 60014
Sold: $250,000
Fully Leased Investment Office

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
2,524 sqft
Land Size
13,530 sqft
Sewer
City
Water
City
Zoning
B4
Electric
200 Amp
Year Built
1985
Parking
15 Private

Property Description

Price reduced. Fully leased 3-unit office investment at 8.8% CAP rate. First floor tenant is a dentist with 2 short term second floor tenants. Partial basement goes with the dentist. His space has a comfortable waiting room with vaulted ceilings and a gas fireplace, (3) operatories, (2) labs, office, consult room and break room. Short term 2nd floor leases create opportunity for investor/user. New roof and skylights in 2018, new water heater. Dentist pays his own utilities, landlord pays for 2nd floor and common areas. (2) common baths. Walk to commuter train and all downtown amenities. 14-15 car paved private lot. Recent MAI appraisal at above asking price. Contact broker for rent roll and operating statement. See layout and photos. Visit Premier Commercial Realty website to see more listings.

Location