- LoopNet · 2018. 7. 9. · Property Insurance $ 1,472.00 provided by owner Property Management...
Transcript of - LoopNet · 2018. 7. 9. · Property Insurance $ 1,472.00 provided by owner Property Management...
230 Florence Street
Crystal Lake, IL 60014
Office Building
1,830 SF
Owners—User/Investors ! This standalone office building ideal
for small business owner/user and lease out remaining space
for added income (presently generating $11,280/yr.). 1st floor
offers 3 offices, restroom and reception area. 2nd floor has 3
offices and restroom. Building recently underwent major exte-
rior improvements including new roof, A/C , furnace, exterior
siding, chimney tuckpointing for a like new appearance. 4
existing tenants and additional offices available for lease start-
ing at $160/mo. Minutes from CBD of Crystal Lake and just off
busy Route 14. Contact Joe H for more details , rent roll, or to
schedule a showing. Visit Premier Commercial Realty website
to see more listings.
Directions: Route 14, west of McHenry Ave to Florence, south to
Property.
PIN: 19-06-280-010
MLS: 09999443
July 2, 2018
No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. This document is for information purposes only. No offer of sub-agency is being made.
Industrial
Commercial
Office
Land
Business
FOR SALE OR LEASE
PROPERTY SPECIFICATIONS
Description: Office Building
Building Size: 1,830 SF
Land Size: 8,910 SF
Year Built: 1880’s
HVAC System: GFA, Central Air
Electric: 200 Amp
Sprinklered: None
Washrooms: 2
Flooring: Varies
Ceiling Height: 8’
Possession: Negotiable
Parking: Street
Sewer: City Water: City
Zoning: O (office)
Real Estate Taxes: $5,794 (2017)
CAM: Included
Lease Term: Negotiable
Lease Price: $160—$350/mo. Gross
Sale Price: $192,000
www.PremierCommercialRealty.com
9225 S. IL Route 31 Lake in the Hills, IL 60156 Office: 847-854-2300 Fax: 847-854-2380
Joe Heffernan– Senior Broker Office: 847-854-2300 Ext. 18
Cell: 847-302-5550 [email protected]
Industrial
Commercial
Office
Land
Business
230 Florence Street
Crystal Lake, IL 60014
BROKERS ANALYSIS BASED ON INFORMATION PROVIDED BY SELLER
PRICE: 192,000.00$
LOAN AMOUNT:
EQUITY:
LOAN TERMS:
MONTHLY PAYMENT:
EXPENSES INCOME COMMENTS
SCHEDULED RENTAL INCOME 23,280.00$ Income when fully leased
Less:Vacany and Credit Losses 12,000.00$ Current Vacancy Factor
EFFECTIVE RENTAL INCOME 11,280.00$ provided by owner
Plus: Other Income
GROSS OPERATING INCOME 11,280.00$ Current Income
LESS: Operating Expenses
Accounting and Legal
Advertising,Licenses,Permits
Property Insurance 1,472.00$ provided by owner
Property Management
Personal Property Taxes
Real Estate Taxes 5,913.00$ provided by owner
Services:
Janitorial
Lawn Service 400.00$ provided by owner
Snow Removal 400.00$ provided by owner
Trash Removal
Utilities:
Electricity 1,100.00$ provided by owner
Gas 480.00$ provided by owner
Water & Sewer 172.00$ provided by owner
Repairs and Maintenance -$
Msc. Expenses
TOTAL OPERATING EXPENSES 9,937.00$
NET OPERATING INCOME 1,343.00$ Current Net Income
LESS ANNUAL DEBT SERVICE
CASH FLOW BEFORE TAXES
NOTE: THE STATEMENTS AND FIGURES PRESENTED HEREIN,
WHILE NOT GUARANTEED, ARE SECURED FROM SOURCES WE BELIEVE AUTHORITATIVE.
PURCHASER SHOULD VERIFY ALL INFORMATION THEMSELVES AND CONSULT
WITH THEIR ACCOUNTANT PRIOR TO PURCHASE OF THIS PROPERTY.
APOD: 230 Florence St, Crystal Lake, IL 60014
Premier Commercial Realty