Categories
Office
Medical
About this property
INVESTMENT OPPORTUNITY • 23,088 SF OFFICE BUILDING
10% CAP RATE • 12.2% PROFORMA CAP RATE
Attractive multi-tenant 2-story brick corporate office building on Route 14 in Crystal Lake at signalized intersection. Anchor tenant is Chicago Title and Trust. New roof in 2017. Mature landscaping and 70 car parking. Tenants pay electric heat and outlets. Landlord pays for air conditioning. Auxiliary electric baseboard heaters throughout.
12.2 % Proforma CAP rate with 5% vacancy factor. Current 10 % CAP with 17.8% vacancy.
Ask broker for confidential operating statement and rent roll.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 23,088 sqft
- Land Size
- 53,840 sqft
- Sewer
- city
- Water
- city
- Zoning
- O
- Electric
- separately metered
- Year Built
- 1980
- Parking
- 70
- Construction
- Brick
Documents 1 file
Last updated: Sep 30, 2026
Location
- Address
-
101 N. Virginia Street
Crystal Lake, Illinois 60014