SOLD Fully Leased Investment Office Building in Crystal Lake


  • Investment Sold
  • 77 East Crystal Lake Avenue, Crystal Lake, IL 60014.
  • Price: $250,000
  • 2,524 sq. ft.

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  • 8.8 CAP Rate
  • Fully Leased
  • Price reduced!

Price reduced. Fully leased 3-unit office investment at 8.8% CAP rate. First floor tenant is a dentist with 2 short term second floor tenants. Partial basement goes with the dentist. His space has a comfortable waiting room with vaulted ceilings and a gas fireplace, (3) operatories, (2) labs, office, consult room and break room. Short term 2nd floor leases create opportunity for investor/user. New roof and skylights in 2018, new water heater. Dentist pays his own utilities, landlord pays for 2nd floor and common areas. (2) common baths. Walk to commuter train and all downtown amenities. 14-15 car paved private lot. Recent MAI appraisal at above asking price. Contact broker for rent roll and operating statement. See layout and photos.



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