Under contract
Contingent
6704 Pingree Road
Crystal Lake IL, 60014
$3,300,000
$34.35 per sqft
Under contract
Contingent
96,070 sqft
Commercial
Built in 1957
Courtesy of Premier Commercial Realty
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. 7.6% cap rate using 5% vacancy plus significant upside.
11987569
MLSⓇ ID
February 22, 2024
Listed
October 29, 2024
Updated
Map
6704 Pingree Road
Crystal Lake IL, 60014
Interior Features
Total Stories
1
Floor Description
Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
5.6 Acres
Roof
Membrane
Other Property Details
Area Name
Crystal Lake / Lakewood / Prairie Grove
Taxes
$61,378
Tax Frequency
Annually
Days on Market
251
Garage
No
View
No
County
McHenry
Municipality
Algonquin
Pool
No
Zoning
MANUF
Listing History
Date | Event | Price |
|---|---|---|
10/29/2024 | Under contract | — |
7/12/2024 | Price change | $3,300,000 -3% |
5/21/2024 | Price change | $3,400,000 -6% |
Courtesy of Premier Commercial Realty, Bruce Kaplan,
Listing Contact: 847-854-2300
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Glover Team are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 10/29/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and 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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 7:12 PM UTC, 10/29/2024
