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$ 3,300,000
Est. payment /mo
Active Under Contract
6704 Pingree Road Crystal Lake, IL 60014
96,070 SqFt
UPDATED:
10/29/2024 06:34 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 96,070 sqft
Price per Sqft $34
MLS Listing ID 11987569
Year Built 1957
Annual Tax Amount $61,378
Tax Year 2023
Lot Size 5.600 Acres
Lot Dimensions IRREGULAR
Property Description
MULTI-TENANT INDUSTRIAL 100% LEASED 96,070 SF 100% leased 96,070 SF multi-tenant building on 5.6 acres. Masonry main building with 13,680 sf steel add on section. Three 2000 amp services, multiple drive in doors, 5 docks, ceilings vary, office areas vary. Built in 1957 with multiple additions. Upside potential by raising rents and adding separate gas and electric meters. Double capacity wet sprinklers. Partially air conditioned. Additional building site at signalized intersection that could be re-zoned and split off for commercial use. Note: Owner will lease back Unit 8 at $5 psf. Ask for rent roll and operating statement. 7.6% cap rate using 5% vacancy plus significant upside.
Location
State IL
County Mchenry
Zoning MANUF
Interior
Cooling Central Air
Flooring Concrete
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick,Steel Siding
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Bruce Kaplan • Premier Commercial Realty