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1602 W Colonial Parkway , #37

Inverness, IL 60067
  • $395,000
  • STATUS: Active
  • ON SITE: 586 Days
  • MLS #: 10959802
UPDATED: 4 min ago
$395,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,175
    SQFT
  • $64
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1983
County:
Area:

School Ratings & Info

Description

Well maintained office building with long term tenants. Current Cap rate 11.80%. Well established 1st floor tenant for 20+ years. New 2nd Floor Tenant w/ 5 year lease. Four (out of 7) Lower level offices being rented as individual offices, all with a 60 day cancellation clause allowing a buyer to occupy all 2,060sf. Small offices available in lower level $200/mo. Short rental terms.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2022-08-08T10:00:34.61 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1602 W Colonial Parkway , #37 Inverness, IL 60067

  • Price: $395,000
  • Status: Active
  • On Site: 586 Days
  • Updated: 4 min ago
  • MLS #: 10959802
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,175
SQFT
$64
$/SQFT
1983
Built
Neighborhood:
Inverness
County:
Cook
Area:
Inverness
Property Description
Well maintained office building with long term tenants. Current Cap rate 11.80%. Well established 1st floor tenant for 20+ years. New 2nd Floor Tenant w/ 5 year lease. Four (out of 7) Lower level offices being rented as individual offices, all with a 60 day cancellation clause allowing a buyer to occupy all 2,060sf. Small offices available in lower level $200/mo. Short rental terms.
Exterior Features

Exterior Building Type CedarShakes Foundation Details Concrete Perimeter Roof Shake Roof Structure Truss

Interior Features

Cooling Central AirCentral Individual Heat Ventilation Central Heat/Indiv Controls Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 26-35 Years Building Area Total 6175 Built Before1978 YN No Electric Circuit BreakersService - 101 To 200 Amps Fire Protection Fire Extinguisher/S Geographic Locale Northwest Suburban Gross Income 103164 Gross Scheduled Income 111984 Leasable Area 6175 Mls Actual Status Active Net Operating Income 46614 Number Of Tenants 5 Operating Expense 31550 Property Offered For Sale Or Rent Property Sub Type Condominium Rental Price 30 Tax Annual Amount 25814 Tax Year 2020 Tenant Pays Operating Stops Total Monthly Income 8597 Township Palatine Type Office/Tech

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of New London Realty Inc.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2022-08-08T10:00:34.61 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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