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6704 Pingree Road, Crystal Lake, IL 60014
$3,600,000
6704 Pingree Road, Crystal Lake, IL 60014View this property at 6704 Pingree Road, Crystal Lake, IL 60014
6704 Pingree RoadCrystal LakeIL60014
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Property Description
MULTI-TENANT INDUSTRIAL 100% LEASED 96,070 SF 100% leased 96,070 SF multi-tenant building on 5.6 acres. Masonry main building with 13,680 sf steel add on section. Three 2000 amp services, multiple drive in doors, 5 docks, ceilings vary, office areas vary. Built in 1957 with multiple additions. Upside potential by raising rents and adding separate gas and electric meters. Double capacity wet sprinklers. Partially air conditioned. Additional building site at signalized intersection that could be re-zoned and split off for commercial use. Note: Owner will lease back Unit 8 at $5 psf. Ask for rent roll and operating statement. 7.96% cap rate using 5% vacancy.
Full Property Details
Full Property Details for 6704 Pingree Rd
General
- Price: $3,600,000
- Taxes: $71,165 (2022)
- Status: Active
- Type: Manufacturing
- MLS ID: 11987569
- Updated: 4/26/2024
- Added to Site: 67 day(s) ago
Interior
- Interior Features: Heavy Floor Load, Overhead Door(s), Private Restroom(s)
- Flooring: Concrete
Additional Information
- Security/Safety: Sprinklers (Wet), Sprinklers
Parking
- Parking Features: 19 to 30 Spaces, 51 to 100 Spaces, Open, Paved, Private Lot, Parking On-Site
Location
- Area: Crystal Lake / Lakewood / Prairie Grove
- County: McHenry
- Township: Algonquin
- Driving Directions: NEC of Pingree and Congress Parkway
- Location Details: Northwest Suburban, Industrial Area/Campus
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Ceiling Units, Forced Air, Gas
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Municipal Water
Structural Information
- Construction: Brick, Steel Siding
- Exterior Const.: Steel Siding, Brick, Block
- Foundation: Concrete Perimeter
- Roof: Membrane
- Drive-In Doors: 10
- # Loading Docks: 4
- Sub-Flooring: Concrete
- Stories/Levels: 1
- Square Feet: 96,070
- Current Bldg. Use: Industrial
- Office: 2,000 Sq. Ft.
- Year Built: 1957
- Built Before 1978: Yes
Unit Information
- # Tenants: 8
Lot Features
- Lot Size (Acres): 5.6
- Lot Size (Sq. Ft.): 243,936
- Lot Dimensions: IRREGULAR
- Frontage: City Street
- Potential Use: Industrial
- Zoning: MANUF
Financial Considerations
- For Sale/Rent/Lease: For Sale or Rent
- Operating Expenses: $147,455
- Security Deposit: Sprinklers-Wet, Sprinklers
- Assessment Year: 1957
- Tax Amount: $71,165
- Tax Year: 2022
- Tenant Pays: Scavenger
Disclosures and Reports
- Documents Avail.: Aerial Map, Rent Roll, Leases, Floor Plan, Existing Survey, Tax Bill, Backup Package, Operating Statement
- Property ID: 1903301009
Listed by Premier Commercial Realty
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Schools
Schools serving 6704 Pingree Rd
School Districts:Community High School District 155, Crystal Lake Ccsd 47
Rating | Name | Grades | Distance |
---|---|---|---|
820 Darlington Ln, Crystal Lake, IL 60014 | PK-5 | 1.9 mi | |
515 E Crystal Lake Ave, Crystal Lake, IL 60014 | 6-8 | 0.7 mi | |
45 W Franklin Ave, Crystal Lake, IL 60014 | 9-12 | 1.4 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 6704 Pingree Rd
Date
Details
Price
Change
Source
2/22/2024
Listed
$3,600,000
80%
MLS
6/25/2020
Sold
$2,000,000
—
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 6704 Pingree Rd
Year
Property Taxes
Change
Tax Assessment
Change
2022
-100%
$660,183
7%
2021
$59,398
—
$615,039
—
2021
$59,398
-19%
$618,044
-16%
2019
$73,491
6%
$736,157
15%
2017
$69,155
2%
$640,652
7%
2016
$67,763
1%
$600,874
7%
2015
$66,887
-3%
$563,566
-17%
2018
$69,259
6%
$680,052
27%
2014
$65,254
1%
$536,883
-4%
2013
$64,889
3%
$560,538
-6%
2012
$63,000
—
$597,525
—
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 6704 Pingree Rd
6704 Pingree Road, Crystal Lake, IL 60014 (MLS# 11987569) is a Manufacturing property. 6704 Pingree Road is currently listed for $3,600,000 and was received on February 22, 2024. Want to learn more about 6704 Pingree Road? Do you have questions about finding other Manufacturing 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.