Elgin Industrial/Office/Flex Opportunity; Vacant Former Sherman Health

Industrial for Sale
Catylist Listing ID: 30210247
Property Subtypes: Flex Space, Free-Standing, Research & Development, Warehouse/Distribution, Other
Building Size (RSF): 95,512 SF
Gross Building Area: See Agent
Gross Land Area: 10.04 Acres
Sale Price: $2,500,000
Unit Price: $26.17 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 3/26/2018

Overview / Comments

Minimum Bid: $2,500,000

Buyer's Premium: 4%

Cooperating Broker's Commission: 2%

Building Size: Approx. 95,512 SF

Lot Size: Approx. 10.04 Acres

Built: 1965, (rehab in 1999 and 2002)

Clearance: 17'

HVAC: 100% Air Conditioned

Power: 2400 Amps @ 480 Volts

Loading Dock: 1 Exterior Dock; 1 DID

Parking Ratio: 8.3/1,000

Parking: Approx. 792 Cars; Approx. 172 Spaces in Secured, Fenced Lot

Frontage: Approx. 521' on Chicago Street

Traffic Count: 13,300 Vehicles per Day on Chicago Street

2016 Taxes: $111,008

PIN #s: 06-18-401-025-0000; 06-18-401-020-0000; 06-18-401-019-0000; 06-18-401-016-0000

Zoning: C1; Commercial Industrial

Approximately 95,512 SF, single story building on approximately 10.04 acres. Current configuration includes: Medical office; large warehouse with drive in door previously used for medical records storage; kitchen; locker room & indoor running track.

Property Highlights:

Flexible Zoning
Former Sherman Health Resource Center and Call Center
Potential Outlots
Current Configuration: Office/Flex/Storage
Warehouse and Mezzanine Storage
Kitchen, Locker Rooms, Gym with Running Track

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Kane
Tax ID/APN: 06-18-401-025-0000; 06-18-401-020-0000; 06-18-401-019-0000; 06-18-401-016-0000
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,118 108,963 220,008
Median Age: 29.21 32.95 35.03
Households: 5,997 35,223 72,597


Photograph of Listing Agent

Diana Peterson

SVN AuctionWorks
ICEx Member
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