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$1,675,000
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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
- Sold For: $1,675,000
- Taxes: $53,921 (2023)
- Status: Closed
- Type: Office
- Source: MRED
- MLS ID: 10320242
- Added to Site: 2, 565 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
- 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
Listed by Premier Commercial Realty
Sold by Non Member
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Schools
Schools serving 101 N Virginia St
School Districts:Crystal Lake Community Consolidated School District 47, Community High School District 155
| Name | Grades | Distance |
|---|---|---|
North Elementary School, Crystal Lake, IL 500 West Woodstock Street, Crystal Lake, IL 60014 | K-5 | 0.2 mi |
Richard F Bernotas Middle School 170 North Oak Street, Crystal Lake, IL 60014 | 6-8 | 0.3 mi |
Crystal Lake Central High School 45 West Franklin Street, Crystal Lake, IL 60014 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions 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
1/10/2025
Sold
$1,675,000
-6.94%
MLS
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
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
101 N Virginia Street, Crystal Lake, IL 60014 (MLS# 10320242) is a Office property that was sold at $1,675,000 on January 10, 2025. 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.

