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    2 S Executive Court , #3

    South Barrington, IL 60010
    • $575,000
    • STATUS: Active
    • ON SITE: 48 days
    • MLS #: 11001586
    UPDATED: 69 min ago
    $575,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,000
      SQFT
    • $48
      $/SQFT
    Neighborhood:
    Barrington Area
    Type:
    Commercial
    Built:
    2002
    County:
    Cook
    Area:
    Barrington Area

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    Description

    INVESTMENT OPPORTUNITY!! FULLY LEASED, 5 YEARS REMAINING ON CURRENT TENANT'S LEASE. MEDICAL OFFICE CONDO FOR SALE, 10.8 CAP RATE, MODIFIED TRIPLE NET LEASE. EXISTING PHYSICIAN HAS OPTION FOR ADDITIONAL 5 YEARS. OVER $200,000 LEASE HOLD IMPROVEMENTS COMPLETED IN 2003. UPSCALE PATIENT / RECEPTION AREA, WAITING ROOM. PRIVATE PHYSICIAN OFFICES, TREATMENT AND PROCEDURE ROOM, MEDICAL RECORDS STORAGE AREA. PRICED WELL BELOW REPLACEMENT AND TAXABLE VALUE. MINUTES FROM I-90 CORRIDAOR OFF BARRINGTON RD. CAM AND GENERAL UP-KEEP IS TENANT'S RESPONSIBLITY. CURRENT OWNER PAYS TAXES ONLY. SURROUNDED BY UPSCALE, LUXURY BRICK OFFICE CONDOS.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T17:54:37.857 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    2 S Executive Court , #3 South Barrington, IL 60010

    • Price: $575,000
    • Status: Active
    • Updated: 69 min ago
    • MLS #: 11001586
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    12,000
    SQFT
    $48
    $/SQFT
    2002
    Built
    Neighborhood:
    Barrington Area
    County:
    Cook
    Area:
    Barrington Area
    Property Description
    INVESTMENT OPPORTUNITY!! FULLY LEASED, 5 YEARS REMAINING ON CURRENT TENANT'S LEASE. MEDICAL OFFICE CONDO FOR SALE, 10.8 CAP RATE, MODIFIED TRIPLE NET LEASE. EXISTING PHYSICIAN HAS OPTION FOR ADDITIONAL 5 YEARS. OVER $200,000 LEASE HOLD IMPROVEMENTS COMPLETED IN 2003. UPSCALE PATIENT / RECEPTION AREA, WAITING ROOM. PRIVATE PHYSICIAN OFFICES, TREATMENT AND PROCEDURE ROOM, MEDICAL RECORDS STORAGE AREA. PRICED WELL BELOW REPLACEMENT AND TAXABLE VALUE. MINUTES FROM I-90 CORRIDAOR OFF BARRINGTON RD. CAM AND GENERAL UP-KEEP IS TENANT'S RESPONSIBLITY. CURRENT OWNER PAYS TAXES ONLY. SURROUNDED BY UPSCALE, LUXURY BRICK OFFICE CONDOS.
    Exterior Features

    Construction Materials Brick Foundation Details Concrete Perimeter Frontage Type County Road Location Office Park Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking 51-100 Spaces Parking Total 12 Roof Composition Roof Structure Pitched

    Interior Features

    Cooling Central Air Electric 101-200 Amps Fire Protection Sprinklers-Wet Heat Ventilation Forced AirGas Leasable Area 4025

    Property Features

    Additional Parcels YN No Built Before1978 YN No Cap Rate 10.8 Current Use CondominiumOffice Existing Lease Type Modified Gross Geographic Locale North Suburban Gross Income 98400 Gross Scheduled Income 98400 Lot Size Dimensions 200 X 200 Min Avail Sq Ft Rentable 4025 Net Operating Income Year 2020 Operating Expense 0 Possible Use CondominiumOffice And Research Property Offered For Sale Only Tax Annual Amount 36119 Tax Year 2019 Tenant Pays ElectricityHeatJanitorial ServiceRepairs Utilities Electric To SiteGas To Site Zoning Offic

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Of Barrington.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T17:54:37.857 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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