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$1,799,000
Est. payment /mo
18,434 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 18,434 sqft
Price per Sqft $97
MLS Listing ID 12201990
Year Built 1998
Annual Tax Amount $31,261
Tax Year 2023
Lot Size 1.860 Acres
Lot Dimensions 1.86 ACRE
Property Sub-Type Office/Tech
Property Description
Investment Opportunity 18,434 SF 2-Story Office Building w/ Heavy Medical Tenancy Silver Lake Professional Building. 2-story masonry office building currently 77% leased. 13 tenants ranging from 160 SF to 3,822 SF with 3 vacancies ranging from 160SF to 1,688 SF. First floor includes common break room, conference room and bathrooms on each floor. Elevator equipped, ample parking . Northwestern Medicine and Cary Grove Dental are anchor tenants. Offered at a 8.9% cap rate based on in place income. Current owner has made $394,000 of upgrades in the last three years. Located next to the Cary Post Office overlooking Jaycee Park pond with Electric monument signage. Seller is a licensed real estate broker. Contact Broker for Rent Roll and Operating Statement.
Location
State IL
County Mchenry
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet, Tile, Varies
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick
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Listed by Bruce Kaplan • Premier Commercial Realty