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101 N Virginia Street, Crystal Lake, IL 60014
$1,800,000 Contingent
101 N Virginia Street, Crystal Lake, IL 60014View this property at 101 N Virginia Street, Crystal Lake, IL 60014
101 N Virginia StreetCrystal LakeIL60014
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Property Description
INVESTMENT OPPORTUNITY * 23,088 SF OFFICE BUILDING 10% CAP RATE * 12.2% PROFORMA CAP RATE Attractive multi-tenant 2-story brick corporate office building on Route 14 in Crystal Lake at signalized intersection. Anchor tenant is Chicago Title and Trust. New roof in 2017. Mature landscaping and 70 car parking. Tenants pay electric heat and outlets. Landlord pays for air conditioning. Auxiliary electric baseboard heaters throughout. 12.2 % Proforma CAP rate with 5% vacancy factor. Current 10 % CAP with 17.8% vacancy. Ask broker for confidential operating statement and rent roll.
Full Property Details
Full Property Details for 101 N Virginia St
General
- Price: $1,800,000
- Taxes: $53,921 (2023)
- Status: Contingent
- Type: Office
- Source: MRED
- MLS ID: 10320242
- Updated: 9/26/2024
- Added to Site: 2, 025 day(s) ago
Interior
- Interior Features: Accessible Entrance, Accessible Washroom/s, Multi-Tenant, Private Restroom(s)
- Flooring: Carpet, Tile
Additional Information
- Security/Safety: Alarm Monitored
Parking
- Parking Features: 51 to 100 Spaces, Lighted, Open, Paved, Private Lot
Location
- Area: Crystal Lake / Lakewood / Prairie Grove
- County: McHenry
- Township: Nunda
- Driving Directions: SE CORNER OF ROUTE 14 AND WOODSTOCK STREET
- Location Details: Northwest Suburban, Corner, Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Electric
Utilities
- Onsite: Electricity to Site, Sanitary Sewer, Municipal Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Membrane
- Sub-Flooring: Carpet, Tile
- Stories/Levels: 2
- Square Feet: 23,088
- Current Bldg. Use: Office
- Year Built: 1980
Lot Features
- Lot Size (Acres): 1.24
- Lot Size (Sq. Ft.): 53,840
- Lot Dimensions: 200 x 280
- Frontage: City Street, State Road
- Drainage: Storm Sewers
- Potential Use: Office and Research
- Zoning: OFFIC
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $95,454
- Security Deposit: Alarm Monitored
- Assessment Year: 1980
- Tax Amount: $53,921
- Tax Year: 2023
- Tenant Pays: Electricity
Disclosures and Reports
- Documents Avail.: Rent Roll, Floor Plan, Existing Survey, Tax Bill, Traffic Counts, Backup Package
- Property ID: 1431476035
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Schools
Schools serving 101 N Virginia St
School Districts:Crystal Lake Ccsd 47, Community High School District 155
Rating | Name | Grades | Distance |
---|---|---|---|
500 W Woodstock St, Crystal Lake, IL 60014 | PK-5 | 0.2 mi | |
170 N Oak St, Crystal Lake, IL 60014 | 6-8 | 0.3 mi | |
45 W Franklin Ave, Crystal Lake, IL 60014 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 N Virginia St
Date
Details
Price
Change
Source
7/01/2024
Price Reduced
$1,800,000
-5.26%
MLS
5/08/2024
Price Reduced
$1,900,000
-4.95%
MLS
3/04/2024
Price Reduced
$1,999,000
-4.81%
MLS
12/21/2023
Price Reduced
$2,100,000
-4.55%
MLS
3/28/2022
Price Increased
$2,200,000
7.37%
MLS
8/18/2021
Price Reduced
$2,049,000
-4.65%
MLS
12/18/2020
Price Reduced
$2,149,000
-1.51%
MLS
8/06/2020
Price Reduced
$2,182,000
-5.09%
MLS
5/08/2020
Price Reduced
$2,299,000
-8%
MLS
3/26/2019
Listed
$2,499,000
-2.76%
MLS
8/31/2007
Sold
$2,570,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 101 N Virginia St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$53,921
100%
$578,173
9%
2022
-100%
$528,736
7%
2021
$48,586
—
$495,721
3%
2021
$48,586
5%
$480,862
5%
2019
$46,398
4%
$457,180
6%
2018
$44,431
-1%
$429,439
4%
2017
$45,095
—
$411,419
5%
2016
$44,878
1%
$392,538
7%
2015
$44,378
-1%
$368,269
2%
2014
$44,678
2%
$362,185
-3%
2013
$43,919
—
$373,580
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 101 N Virginia St
101 N Virginia Street, Crystal Lake, IL 60014 (MLS# 10320242) is a Office property. 101 N Virginia Street is currently listed for $1,800,000 and was received on March 26, 2019. Want to learn more about 101 N Virginia Street? Do you have questions about finding other Office real estate for sale in Crystal Lake? You can browse all Crystal Lake real estate or contact a Coldwell Banker agent to request more information.