$2,000,000

6704 Pingree Road, Crystal Lake IL, 60014

Price per sqft$20.82

Built in1957

Property size96,070 sqft

Property typeCommercial

Bought with Kevin Kaplan with Entre Commercial Realty, LLC and Listed by Bruce Kaplan with Premier Commercial Realty 847-854-2300

Overview

Sold

Closed

Listed Feb 22, 2024

Updated May 29

MULTI-TENANT INDUSTRIAL 100% LEASED 96,070 SF 100% leased 96,070 SF multi-tenant building on 5.6 acres. Masonry main building with 13,680 sf steel add on section. Three 2000 amp services, multiple drive in doors, 5 docks, ceilings vary, office areas vary. Built in 1957 with multiple additions. Upside potential by raising rents and adding separate gas and electric meters. Double capacity wet sprinklers. Partially air conditioned. Additional building site at signalized intersection that could be re-zoned and split off for commercial use. Note: Owner will lease back Unit 8 at $5 psf. Ask for rent roll and operating statement. 7.6% cap rate using 5% vacancy plus significant upside.

Additional information

MLS^® ID: 11987569

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 5.6 Acres

Other Property Details

Taxes: $61,378
Tax Frequency: Annually

Bought with Kevin Kaplan with Entre Commercial Realty, LLC and Listed by Bruce Kaplan with Premier Commercial Realty 847-854-2300

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