High Profile Commercial Building for Sale / Lease along Crystal Lake's primary retail corridor. Price has just been reduced to $319,000. Two (2) unit commercial building consisting of 4,000 SF. Ideal 0pportunity for retail or office users/investors. Lease the available 2,000 SF unit and receive additional income from the leased unit. Existing State Farm tenant's lease expires in 8/21 (may want to stay). Potential to occupy the entire 4,000 SF building by late summer. Units are separately metered for gas & electric. New rubber membrane roof was installed in 2015. Each unit has a 10' x 10' drive in door. Projected Cash on Cash return of 20% with both units leased at $14 SF gross.
Based on the average sale price from the Dekalb, IL office
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
6207-6209 Northwest Highway Crystal Lake, IL is a Single Family Home for sale at $319000 with 4000 sqft and a lot size of Acre(s). 6207-6209 Northwest Highway Crystal Lake has 0 bedrooms, 0 baths and was built in 1956. The property's zip code is 60014 which is in Crystal Lake, IL
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.