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 JoeH@PremierCommercialRealty.com

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