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Description

Fully leased multi-tenant industrial building. Currently 3 tenants with short term leases below market rents. Total building is 9,216 SF or $59.68 psf, assessed at $619,320 ($67.20 psf). 16' ceilings, floor drains, office and bath in each unit, 12x14 DIDs. See layout and survey. 6% CAP rate with upside. Contact broker for rent roll and operating statement.

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© 2021 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 The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-21T00:00:16.07 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.

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440 Jennings Drive , D Lake In The Hills, IL 60156

  • Price: $550,000
  • Status: Active Under Contract
  • Updated: 17 min ago
  • MLS #: 11166899
0
Beds
0
Baths
0
½ Baths
0.56
Acres
9,216
SQFT
$60
$/SQFT
2001
Built
Neighborhood:
Lake in the Hills
County:
McHenry
Area:
Lake in the Hills
Property Description
Fully leased multi-tenant industrial building. Currently 3 tenants with short term leases below market rents. Total building is 9,216 SF or $59.68 psf, assessed at $619,320 ($67.20 psf). 16' ceilings, floor drains, office and bath in each unit, 12x14 DIDs. See layout and survey. 6% CAP rate with upside. Contact broker for rent roll and operating statement.
Exterior Features

Exterior Building Type Steel Siding Foundation Details Concrete Perimeter Frontage Type Private Road Outdoor Parking 6-12 SpacesLightedOpenPavedPrivate Lot Roof Metal Roof Structure Metal DeckingPitched Water Drainage Floor Drains

Interior Features

Cooling Office OnlyWall Sleeve Flooring CarpetConcrete Heat Ventilation Ceiling UnitsForced AirGasWall Unit Miscellaneous Inside Handicapped Equip Washroom/SOverhead Door/SPrivate Restroom/S Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 16-25 Years Building Area Total 9216 Built Before1978 YN No Contingency Other Contingency Continue To Show Yes Current Use Commercial Electric 101-200 Amps3 Phase Fire Protection Fire Extinguisher/S Geographic Locale Northwest Suburban Gross Income 63000 Gross Scheduled Income 63000 Leasable Area 0 Location Industrial Area/Campus Net Operating Income 33442 Number Of Tenants 3 Operating Expense 26408 Ownership Types Limited Liability Corp Possible Use Commercial Property Offered For Sale Only Property Sub Type Manufacturing / Warehousing Seller Needs Other Tax Annual Amount 20643 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceScavenger Total Monthly Income 5250 Township Algonquin Type Industrial Zoning Manuf

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Premier Commercial Realty.


© 2021 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 The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-21T00:00:16.07 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
 
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The Wexler Group | Keller Williams Preferred Realty
16123 S LaGrange Road
Orland Park IL, 60467