Investment Opportunity Strip Center
540 E. Terra Cotta Avenue, Crystal Lake, Illinois 60012
Sold: $1,750,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
17,228 sqft
Land Size
2.34 acres
Sewer
city
Water
city
Zoning
B2
Electric
100 amp
Year Built
2005
Parking
100
Property Description
INVESTMENT OPPORTUNITY
STRIP CENTER
Neighborhood strip center on busy Route 176. 6 current tenants plus 2 vacant units, currently being marketed by broker.
Proforma CAP Rate of 9.1%. Bank owned. Recent MAI appraisal on file at $2,090,000 as-is.
Ask broker for rent roll and operating statement.