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$1,350,000
Est. payment /mo
32,305 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Pending
Purchase Type For Sale
Square Footage 32,305 sqft
Price per Sqft $41
MLS Listing ID 12564611
Year Built 1960
Annual Tax Amount $30,580
Tax Year 2024
Lot Dimensions 322x308
Property Sub-Type Office/Tech
Property Description
Opportunity Knocks! The availability of this 32,305 sf building on 2.16 acres, with 5 road cuts, located at a stoplight hard corner with approximately 31,000 vehicles per day offers a wonderful circumstance for an owner/user or investor! Substantial demographics within a 3 mile radius include a population approaching 110,000 with an average household income in excess of $90,000 per year. The median age of this site's population in this set is 33.8, 5.3 years below the national median age of 39.1. With a "going in" capitalization rate of 7.52, and approximately 6000 sf of vacant available space, the upside potential of this investment is terrific!
Location
State IL
County Lake
Area Park City / Waukegan
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Office/Tech
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Listed by Nicholas Nicketakis of Callahan Blandings & Schaper
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