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    34 W Grand Avenue

    Fox Lake, IL 60020
    • $229,000
    • STATUS: Active
    • ON SITE: 116 days
    • MLS #: 10885201
    UPDATED: 37 min ago
    $229,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,800
      SQFT
    • $127
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1940
    County:
    Area:

    School Ratings & Info

    Description

    8 total office spaces. 7 are leased with one remaining for your use or to lease. AS-IS on 30% down/5% APR: Unleveraged return of 7.09%; Leveraged return of 7.35%. PROFORMA on fully leased (non-owner occupied) on same basis: 9.4% Unleveraged return of 9.4%; Leveraged return of 15.2%. Unbeatable location. Gorgeous lakeviews from each unit. Walk to the lake and keep business lunches efficient with Docker's Restaurant directly across the street. Building was gut-rehabbed and fully updated in the late 90's. In excellent condition. Ample parking. Located within walking distance to the Fox Lake Metra Station (Milwaukee District North Line) for easy access to Southerly clientele and partners, meanwhile, maintaining an affordable and stately office base with your own personal suite address. When the warm weather hits you'll never want to go home!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-23T11:52:46.277 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    34 W Grand Avenue Fox Lake, IL 60020

    • Price: $229,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 10885201
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1,800
    SQFT
    $127
    $/SQFT
    1940
    Built
    Neighborhood:
    Fox Lake
    County:
    Lake
    Area:
    Fox Lake
    Property Description
    8 total office spaces. 7 are leased with one remaining for your use or to lease. AS-IS on 30% down/5% APR: Unleveraged return of 7.09%; Leveraged return of 7.35%. PROFORMA on fully leased (non-owner occupied) on same basis: 9.4% Unleveraged return of 9.4%; Leveraged return of 15.2%. Unbeatable location. Gorgeous lakeviews from each unit. Walk to the lake and keep business lunches efficient with Docker's Restaurant directly across the street. Building was gut-rehabbed and fully updated in the late 90's. In excellent condition. Ample parking. Located within walking distance to the Fox Lake Metra Station (Milwaukee District North Line) for easy access to Southerly clientele and partners, meanwhile, maintaining an affordable and stately office base with your own personal suite address. When the warm weather hits you'll never want to go home!
    Exterior Features

    Construction Materials Wood Frame Foundation Details Block Frontage Type City StreetPublic RoadSignal IntersectionUS Highway Location Central Business DistrictWater ViewPublic Transport Avail Miscellaneous Outside Fire EscapeHandicapped Access Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking Common ParkingOpen Parking Total 0 Roof Composition Roof Structure PitchedWood Joists

    Interior Features

    Cooling Central Air Electric Circuit Breakers101-200 Amps Fire Protection Alarm On SiteFire Extinguisher/S Flooring Carpet Heat Ventilation Forced AirGas Leasable Area 242 Miscellaneous Inside Common Lunchroom/SCommon Meeting Room/SHandicapped AccessHandicapped Equip Washroom/SMulti-TenantPublic Restroom/SStorage InsideBasementPre-wired Pc NetworkFurnished Units Available

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Current Use CommercialOffice Existing Lease Type Gross Expense Year 2020 Exterior Building Type Vinyl Siding Extra Storage Spaces Available YN Yes Geographic Locale Northwest Suburban Gross Income 24360 Gross Scheduled Income 29760 Investment YN Yes Lot Size Dimensions 30X50 Min Avail Sq Ft Rentable 110 Number Of Tenants 7 Operating Expense 8142 Possible Use CommercialIndustrialOffice And ResearchRetailOther Property Offered For Sale Only Tax Annual Amount 1301 Tax Year 2019 Tenant Pays Other Total Monthly Income 2030 Unincorporated YN No Utilities Electric To SiteGas To SiteWater-Municipal Water Drainage Drainage WaysStorm Sewers Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Graff Realty.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-23T11:52:46.277 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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