101 N VIRGINIA Street Crystal Lake, IL ^$ 1,900,000

101 N VIRGINIA Street

^$ 1,900,000

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101 N VIRGINIA Street

Crystal Lake, IL, 60014

^$ 1,900,000

Studio Baths0.0 Sq 23,088

Monthly Estimate*

^$ 12,628

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Studio

Commercial Property for sale in Crystal Lake, IL

for $1,900,000. This 23,088 square foot building was built in 1980 on a lot size of 1.24.

INVESTMENT OPPORTUNITY * 23,088 SF OFFICE BUILDING 8.7% CAP RATE * 11.5% 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. 11.5 % Proforma CAP rate with 5% vacancy factor. Current 8.7 % CAP with 22.5% vacancy. Ask broker for confidential operating statement and rent roll.

Commercial Active

Price

^$ 1,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 53,920

Style

Office

Lot Size

1.24

Year Built

1980

Town/City

Crystal Lake

County/Region

McHenry

MLS | Web ID

10320242

Features

General

Cooling Central Air

Utilities Electric to Site Sanitary Sewer Water-Municipal

Possession Negotiable Tenant's Rights

Roof Membrane

Zoning OFFIC

Construction Materials Brick

Year Built 1980

Electric Circuit Breakers Separate Meters

Tenant Pays Electricity

Stories 2

Township Nunda

Property SubType Office

Tax Year 2022

Current Use Office

Gross Income 0

County McHenry

Net Operating Income 217996

Operating Expense 95454

Property Type Commercial Sale Office/Tech

Possible Use Office and Research

Status Active

Directions SE CORNER OF ROUTE 14 AND WOODSTOCK STREET

City Crystal Lake

NumberOfUnitsTotal 18

MLS Area Crystal Lake / Lakewood / Prairie Grove

Lot Size Square Feet 53840

Street Name VIRGINIA

Tax Annual Amount 53920

Additional Parcels Y/N N

Leasable Area 0

Virtual Tour https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fmy.matterport.com%2fshow%2f%3fm%3dHzUspPkW8eB&c=E 1 wzDdQm2SEUNPH_BgZjie-fCYd68mAUzyo_EUwdwOoD8dIq0kuTExe1adRTVJBIcZOyIQU6Zwmp-0khSO3wpNCkwCVlXA_ZE

Days on Market 1880

Standard Status Active

Interior

Flooring Carpet Tile

Street Suffix Street

Exterior

Foundation Details Concrete Perimeter

Building Area Total 23088

Lot Dimensions 200X280

Lot Size Acres 1.24

Frontage Type City Street State Road

Exterior Brick

* Excluded Features

List By

Premier Commercial Realty

Broker

brucek@premiercommercialrealty.com

Affordability Calculator

$17,121

Per Month

Monthly Principal & Interest: $12,628
Monthly Property Taxes: $4,493
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Crystal Lake, IL

Average List Price ^$1,123,521

Percent of Sale Price 41%

About Crystal Lake, IL

39,160 Population

2% Since 2002

^$82,263 Median Income

38.88 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/6/2019	$0		Listed Price

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101 N VIRGINIA Street, Crystal Lake, IL, 60014 is a Commercial Property for sale at $1,900,000 with 23,088 sqft and a lot size of 1.24. 101 N VIRGINIA Street is a studio with 0.0 baths and was built in 1980. The property's zip code is 60014 which is in Crystal Lake, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/7/2024.

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101 N VIRGINIA Street

Commercial Property for sale in Crystal Lake, IL

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