Bank Owned Commercial Building (Retail/Office/Warehouse)

Retail-Commercial for Sale
Distressed
Also listed as Office
Catylist Listing ID: 30024622
Property Subtypes: Free-Standing Building, General
Building Size (RSF): 30,454 SF
Gross Building Area: 32,000 SF
Gross Land Area: 2.65 Acres
Sale Price: $1,000,000
Unit Price: $32.84 PSF
Ceiling: 16 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Short Sale/Bank-Owned: Yes
Last Updated: 9/21/2017

Overview / Comments

Previously Valued to: $1,600,000

New Asking Price: $1,000,000 (Reduced from $1,100,000)

Cooperating Broker's Commission: 2%

2015 Taxes: $53,850.34

PIN #: 19-35-326-054

Lot Size: Approx. 2.65 Acres

Building Size: Approx. 30,454 sf

Zoning: B-2

Approx. 30,454 sf building on approx. 2.65 acres of land. 2 loading docks, large warehouse area approx. 2,500 sf, and showroom approx. 27,954 sf. Abundant parking. High traffic count: 36,800 VPD.

Located at the northeast corner of Algonquin Road (IL- 62) and Ryan Parkway, about halfway between downtown Algonquin and Route 25. Strong visibility from either direction on Algonquin Road.

Additional Details

Nearest MSA: Chicago-Joliet-Naperville
County: McHenry
Submarket Type: Central Business District
Tax ID/APN: 19-35-326-054
Zoning: B2
Area Description: High traffic road
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2000
Exterior Description: Masonry/face brick; 1 dock & 1 DID; totally A/C
Parking Description: Abundant

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,564 61,861 165,480
Median Age: 39.65 35.38 36.67
Households: 2,764 20,110 55,748

Contact

Photograph of Listing Agent

Diana Peterson

SVN AuctionWorks
ICEx Member
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