7451 Spring Grove Road , A

    Spring Grove, IL 60081
    • $775,000
    • STATUS: Active
    • ON SITE: 107 days
    • MLS #: 10400487
    UPDATED: 38 min ago
    $775,000
    • 0
      BEDS
    • 1.93
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,000
      SQFT
    • $52
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1999
    County:
    Area:

    School Ratings & Info

    Description

    This 15,000SF Industrial Investment Property is fully leased with long term tenants and is For Sale for the first time since it was built. Ownership has enjoyed the cash flow of good business and now the partnership has decided to make it available for another investor. 8.5% Cap rate offers a solid return. Building offers much! Comprised of 15,000sf, on almost 2 acres, there is a long term tenant in unit B, utilizing 5,000sf. Each unit has a truck dock & drive in doors. Built for manufacturing, open warehouse offers 18'-22' high ceilings. Unit A is 10,000sf with two 1 ton hoist cranes. Nicely finished 740SF office area has 1 private office with a storage mezzanine above. There is a 3,700SF fenced-in yard with 10'x10' DID! There are 2- 10x14 DID's, brightly lit warehouse, 400 amp/440 volt, 3 phase service, 1 shop & 1 office restroom. Asking $775,000 for the purchase. Additional 2 car garage included on south end of property. Investment cash flows nicely. Call for details.

    Monthly Payment Calculator



    © 2019 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 Property Consultants Realty. Based on information submitted to the MRED as of 2019-09-17T09:50:40.637 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
    www.propertyconsultants.com/homes/95431421

    7451 Spring Grove Road , A Spring Grove, IL 60081

    • Price: $775,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 10400487
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.93
    Acres
    15,000
    SQFT
    $52
    $/SQFT
    1999
    Built
    Neighborhood:
    Spring Grove
    County:
    McHenry
    Area:
    Spring Grove
    Property Description
    This 15,000SF Industrial Investment Property is fully leased with long term tenants and is For Sale for the first time since it was built. Ownership has enjoyed the cash flow of good business and now the partnership has decided to make it available for another investor. 8.5% Cap rate offers a solid return. Building offers much! Comprised of 15,000sf, on almost 2 acres, there is a long term tenant in unit B, utilizing 5,000sf. Each unit has a truck dock & drive in doors. Built for manufacturing, open warehouse offers 18'-22' high ceilings. Unit A is 10,000sf with two 1 ton hoist cranes. Nicely finished 740SF office area has 1 private office with a storage mezzanine above. There is a 3,700SF fenced-in yard with 10'x10' DID! There are 2- 10x14 DID's, brightly lit warehouse, 400 amp/440 volt, 3 phase service, 1 shop & 1 office restroom. Asking $775,000 for the purchase. Additional 2 car garage included on south end of property. Investment cash flows nicely. Call for details.
    Exterior Features

    Bay Size 25 Construction BrickSteel Docks ExteriorLeveler/S Door Dimensions 10'X14' Foundation Concrete Frontage Access State RoadTownship RoadUs Highway Location Mixed Use Area Lot Dimensions 109X400X312X200X202 Lot Sq Ft 84071 Number Of Parking Spaces 15 Number Of TLDocks 2 Roof Coverings Metal Roof Structure Gable

    Interior Features

    Air Conditioning Office OnlyWall SleeveWindow Unit/S Approx Office Sq Ft 740 Ceiling Hgt Max Ft 22 Ceiling Hgt Max In 0 Ceiling Hgt Min Ft 18 Ceiling Hgt Min In 0 Fire Protection None Floor Finish ConcreteVinyl Miscellaneous Inside CranesHandicapped AccessHandicapped Equip Washroom/S Number Of Drive In Doors 3 Number Of Freight Elevators 0 Number Of Stories 1 Outdoor Parking 13-18 Spaces

    Property Features

    Age 36-50 Years Built Before1978 YN No Clear Span YN No Current Use Commercial Electrical Service Circuit BreakersSeparate Meters201-600 Amps240V Power3 Phase Estimated Cam SF .8 Exterior Building Type Steel SidingBrick Extra Storage Spaces Available YN Yes Geographic Locale Northwest Suburban Gross Rentable Area 15000 Gross Rental Income Amount 0 Heat Ventilation Forced AirGasRadiantCeiling Fans Investment YN Yes Lease Type Net Max Avail Sq Ft Rentable 15000 Min Avail Sq Ft Rentable 5000 Miscellaneous Outside Handicapped Access Net Oper Income Amount 0 Net Rentable Area 15000 Number Of Tenants 2 Possession Negotiable Potential Use CommercialIndustrial/MfgSpecial UseOtherSingle Room Occupancy Property Offered For Sale Only Tax Year 2018 Taxes 12824 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatReal Property TaxesInsuranceScavengerWater/Sewer Total Annual Exp 0 Total Annual Income 0 Township Richmond Unincorporated YN No Zoning Type Indus

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Sperry Commercial Global Affiliates, ILR Realty Group.


    © 2019 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 Property Consultants Realty. Based on information submitted to the MRED as of 2019-09-17T09:50:40.637 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
     
    Property Consultants Realty
    2200 N Damen Ave.
    Chicago IL, 60647