Property for Sale: 101 N VIRGINIA, Crystal Lake, IL 60014 SOLD
$1,675,000
$1,675,000
101 N VIRGINIA,
Crystal Lake, IL 60014 SOLD
$1,675,000
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Selling Price: $1,675,000
Original List Price: $2,499,000
Sold at 67.0% of list price
Sold Date: 01/10/2025
Type Commercial
Lot Size 1.24 acres
Year Built 1980
City Crystal Lake
County Mc Henry
MLS 10320242
Status Closed
INVESTMENT OPPORTUNITY * 23,088 SF OFFICE BUILDING 10% CAP RATE * 12.2% PROFORMA CAP RATE Attractive multi-tenant 2-story brick corporate office building on Route 14 in Crystal Lake at signalized intersection. Anchor tenant is Chicago Title and Trust. New roof in 2017. Mature landscaping and 70 car parking. Tenants pay electric heat and outlets. Landlord pays for air conditioning. Auxiliary electric baseboard heaters throughout. 12.2 % Proforma CAP rate with 5% vacancy factor. Current 10 % CAP with 17.8% vacancy. Ask broker for confidential operating statement and rent roll.
Lot & Building Features
Construction Brick
Cooling Central Air
Tax Year 2023
Lot Dimensions 200X280 ft
Price History of 101 VIRGINIA, Crystal Lake, IL
| Date | Name | Price | Difference |
|---|---|---|---|
| 07/01/2024 | Price Adjustment | $1,675,000 | 11.84% |
| 05/08/2024 | Price Adjustment | $1,900,000 | 4.95% |
| 03/04/2024 | Price Adjustment | $1,999,000 | 4.81% |
| 12/21/2023 | Price Adjustment | $2,100,000 | 4.55% |
| 03/28/2022 | Price Adjustment | $2,200,000 | 7.37% |
| 08/18/2021 | Price Adjustment | $2,049,000 | 4.65% |
| 12/18/2020 | Price Adjustment | $2,149,000 | 1.51% |
| 08/06/2020 | Price Adjustment | $2,182,000 | 5.09% |
| 05/08/2020 | Price Adjustment | $2,299,000 | 8.00% |
| 12/31/1969 | Listing Price | $2,499,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Direct: 708-670-6774
Office
Listed by Premier Commercial Realty, Bruce Kaplan
Sold by NON MEMBER, Non Member
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 Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Premier Commercial Realty |