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    74 E Grand Avenue

    Fox Lake, IL 60020
    • $299,900
    • STATUS: Active
    • ON SITE: 461 days
    • MLS #: 10604534
    UPDATED: 57 min ago
    $299,900
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,588
      SQFT
    • $65
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1967
    County:
    Area:

    School Ratings & Info

    Description

    First time ever on the market: Solid brick, professional office building. Well located in downtown Fox Lake near shopping and transportation including the Metra commuter station. Built in 1967 and occupied by the original law firm that has been there ever since. The law firm occupies just under half of the building and would either move or lease back. The building consists of a common vestibule and foyer, plus two reception areas, numerous private offices, conference room, library and one men's bath and one women's bath. Large half acre lot with plenty of parking and great visibility on Grand Avenue. Well maintained building with a new boiler and central air. Great price at less than last appraisal in 2010. Zoned D (downtown) which allows for most office and retail uses. The building is available for sale or lease and the vacant space can easily be divided into smaller offices for less rent. The income figures are projected based on a new lease w/ law firm and other tenant

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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 2021-04-13T11:53:58.757 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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    74 E Grand Avenue Fox Lake, IL 60020

    • Price: $299,900
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 10604534
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    4,588
    SQFT
    $65
    $/SQFT
    1967
    Built
    Neighborhood:
    Fox Lake
    County:
    Lake
    Area:
    Fox Lake
    Property Description
    First time ever on the market: Solid brick, professional office building. Well located in downtown Fox Lake near shopping and transportation including the Metra commuter station. Built in 1967 and occupied by the original law firm that has been there ever since. The law firm occupies just under half of the building and would either move or lease back. The building consists of a common vestibule and foyer, plus two reception areas, numerous private offices, conference room, library and one men's bath and one women's bath. Large half acre lot with plenty of parking and great visibility on Grand Avenue. Well maintained building with a new boiler and central air. Great price at less than last appraisal in 2010. Zoned D (downtown) which allows for most office and retail uses. The building is available for sale or lease and the vacant space can easily be divided into smaller offices for less rent. The income figures are projected based on a new lease w/ law firm and other tenant
    Exterior Features

    Construction Materials BrickConcrete Docks None Foundation Details Concrete Perimeter Frontage Type State Road Location Central Business District Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking 19-30 Spaces Parking Total 30 Roof Structure Flat

    Interior Features

    Cooling Central Air Electric Circuit BreakersSeparate Meters Fire Protection Alarm MonitoredSmoke Or Fire Protectors Flooring Carpet Heat Ventilation GasHot Water Leasable Area 4588 Miscellaneous Inside Public Restroom/S

    Property Features

    Additional Parcels YN Yes Built Before1978 YN Yes Cap Rate 8.9 Current Use Office Existing Lease Type Gross Expense Year 2019 Exterior Building Type Brick Extra Storage Spaces Available YN Yes Geographic Locale Northwest Suburban Gross Income 55000 Gross Rentable Area 4588 Gross Scheduled Income 48000 Investment YN Yes Known Encumbrances None Known Lot Size Dimensions 100 X 220 Min Avail Sq Ft Rentable 400 Net Operating Income Year 2019 Net Rentable Area 3800 Number Of Tenants 1 Operating Expense 20000 Possible Use Commercial Property Offered For Sale Or Rent Seller Will Lease Back Tax Annual Amount 10914 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatSewer Total Monthly Income 4580 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 Re/Max Showcase.


    © 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 2021-04-13T11:53:58.757 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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