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    436-438 W Virginia Street

    Crystal Lake, IL 60014
    • $269,000
    • STATUS: Active
    • ON SITE: 532 days
    • MLS #: 10560268
    UPDATED: 37 min ago
    $269,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,506
      SQFT
    • $77
      $/SQFT
    Type:
    Commercial
    Built:
    1946
    County:

    School Ratings & Info

    Description

    FOR SALE OR LEASE- TWO (2) UNIT MULTI-TENANT COMMERCIAL BUILDING WITH PRIME NORTHWEST HIGHWAY FRONTAGE IN CRYSTAL LAKE. IDEAL FOR SINGLE TENANT OCCUPANCY, END USER/INVESTOR, OR INVESTOR. PROJECTED 14% CASH ON CASH RETURN WHEN BOTH UNITS LEASED AT AVERAGE LEASE RATE OF $12.50 SF GROSS. TOTAL OF 3,506 SF FOR SINGLE TENANT OCCUPANCY OR CURRENTLY DEMISED INTO 1,352 SF (436 VIRGINIA) & 2,154 SF (438 VIRGINIA). SEPARATELY METERED FOR UTILITIES. BRAND NEW FIRESTONE RUBBER MEMBRANE ROOF & ROOFTOP HVAC (Unit 436). BASEMENT IN EACH UNIT FOR EXTRA STORAGE. WALL SIGNAGE FOR PROMINENT HIGHWAY EXPOSURE. STREET PARKING IN FRONT, ACROSS THE STREET, WITH ADDITIONAL EMPLOYEE PARKING IN REAR PRIVATE LOT. ZONED B2 ALLOWING MOST RETAIL, OFFICE, AND BUSINESS SERVICE USES.

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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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    436-438 W Virginia Street Crystal Lake, IL 60014

    • Price: $269,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 10560268
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,506
    SQFT
    $77
    $/SQFT
    1946
    Built
    Neighborhood:
    Crystal Lake / Lakewood / Prairie Grove
    County:
    McHenry
    Area:
    Crystal Lake / Lakewood / Prairie Grove
    Property Description
    FOR SALE OR LEASE- TWO (2) UNIT MULTI-TENANT COMMERCIAL BUILDING WITH PRIME NORTHWEST HIGHWAY FRONTAGE IN CRYSTAL LAKE. IDEAL FOR SINGLE TENANT OCCUPANCY, END USER/INVESTOR, OR INVESTOR. PROJECTED 14% CASH ON CASH RETURN WHEN BOTH UNITS LEASED AT AVERAGE LEASE RATE OF $12.50 SF GROSS. TOTAL OF 3,506 SF FOR SINGLE TENANT OCCUPANCY OR CURRENTLY DEMISED INTO 1,352 SF (436 VIRGINIA) & 2,154 SF (438 VIRGINIA). SEPARATELY METERED FOR UTILITIES. BRAND NEW FIRESTONE RUBBER MEMBRANE ROOF & ROOFTOP HVAC (Unit 436). BASEMENT IN EACH UNIT FOR EXTRA STORAGE. WALL SIGNAGE FOR PROMINENT HIGHWAY EXPOSURE. STREET PARKING IN FRONT, ACROSS THE STREET, WITH ADDITIONAL EMPLOYEE PARKING IN REAR PRIVATE LOT. ZONED B2 ALLOWING MOST RETAIL, OFFICE, AND BUSINESS SERVICE USES.
    Exterior Features

    Construction Materials BrickBlock Docks None Foundation Details Concrete Perimeter Frontage Type City StreetUs Highway Location Central Business DistrictPublic Transport Avail Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking 6-12 Spaces Parking Total 6 Roof Reflective Coating Roof Structure Flat

    Interior Features

    Ceiling Height Ft 14 Cooling Central Air Electric Circuit Breakers101-200 Amps Fire Protection Fire Extinguisher/SOther Flooring CarpetConcreteVaries Heat Ventilation Forced AirGas Leasable Area 3506 Miscellaneous Inside Multi-TenantPrivate Restroom/SStorage InsideBasement

    Property Features

    Additional Parcels YN No Current Use Commercial Existing Lease Type Gross Expense Year 2017 Exterior Building Type BrickStucco Extra Storage Spaces Available YN No Financial Amounts For Total Building Rental No Gross Income 0 Gross Rentable Area 3506 Gross Scheduled Income 0 Investment YN Yes Known Encumbrances None Known Lot Size Dimensions 38 X 148 Min Avail Sq Ft Rentable 1352 Net Operating Income Year 2019 Net Rentable Area 3506 Number Of Tenants 2 Operating Expense 0 Property Offered For Sale Or Rent Tax Annual Amount 10660 Tax Year 2018 Tenant Pays Air ConditioningElectricityHeatScavengerSewer Total Monthly Income 0 Unincorporated YN No Utilities Electric To SiteGas To SiteSanitary SewerWater-Municipal Water Drainage Storm Sewers Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Blue Chip Commercial Real Estate, Llc.


    © 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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