6704 Pingree RD Save Request In-Person Tour Request Virtual Tour
Crystal Lake,IL 60014
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
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
Area Crystal Lake / Lakewood / Prairie Grove
Zoning MANUF
Interior
Cooling Central Air
Flooring Concrete
Exterior
Utilities Available Electric to Site,Gas to Site,Sanitary Sewer,Water-Municipal
Roof Type Membrane
Building
Dwelling Type Industrial
Structure Type Brick,Steel Siding