SCHOOL FOR SALE - CORTLAND, IL

Special Purpose for Sale
Catylist Listing ID: 30169970
Property Subtypes: School/University
Building Size (RSF): 42,000 SF
Gross Land Area: 283,140 SF
Sale Price: $200,000
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 42,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2017

Overview / Comments

This is the old Cortland School and is vacant.
Building square footage could not be verified and is approximate.
The property is sold "AS IS".

The real estate taxes for 2016 $ 2,290.06.

Assessed value $18,809.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: DeKalb
Taxing Authority: Cortland Township - Dekalb County
Tax ID/APN: 09-29-176-003
Zoning: R1
Property Located Between: S. Somonauk Rd & ß. Nina Street
Property Visibility: Excellent
Largest Nearby Street: S. Somonauk Road a/k/a HWY 12
Feet of Frontage: 520
Highway Access: Lincoln HWY is 1/2 mile south of the subject property
Airports: Dekalb Taylor Municipal Airport is approximately one mile northwest of the subject.
Site Description: The subject site is a 6.5 acre parcel with a vacant building, previously used as a school.
Area Description: The area consists mostly of single family residential properties and is located near HWY 38. Cortland is less than two miles east of Dekalb, IL, home of Northern Illinois University.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 40,000 SF
Property Condition: Fair
Year Built: 1997
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick Construction
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Parking Description: Blacktop surface parking with 50 parking spaces.
Sprinklers: None
Interior Description: Classrooms, offices, gymnasium, & mechanical room.
Zoning Description: R1 Special Use Permit issued 7-28-1997 (School)
Lot Frontage: 520
Lot Depth: 545
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: E 1/2 NW 1/4 LYING W OF CROFTS ADDITION & S OF MAPLE ST - SEC 29 - TWP 40N - RANGE SE

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 17,529 58,115
Median Age: 34.8 31.04
Households: 6,832 21,266

Contact

Photograph of Listing Agent

Tom Ewing CCIM CPM RPA MCR

KELLER WILLIAMS REALTY SIGNATURE ICEx Member
© Copyright Northern Illinois Commercial Association of REALTORS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Northern Illinois Commercial Association of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.