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470 W Virginia Street

Crystal Lake, IL 60014
  • $524,900
  • STATUS: Active
  • ON SITE: 72 Days
  • MLS #: 11224657
$524,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1955
County:

School Ratings & Info

Description

Great investment opportunity to own a rental home and a prominent commercial building (470 W Virginia) at the intersection of Route 14 and Dole in Crystal Lake! Both the house and the building have leases in place. The commercial building houses a long time bicycle shop. The bicycle shop business is not for sale. This building has an office, bathroom, shop, large showroom, and basement! Fantastic exposure at this signalized high traffic volume intersection. There is a parking lot between the house and the commercial building. The house has 3 bedrooms and 1.1 baths. The tenant uses one bay of the detached garage and the bike shop uses the other bay. The house has B2 zoning so it could also be used as an office!

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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 Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-01T23:58:58.677 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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470 W Virginia Street Crystal Lake, IL 60014

  • Price: $524,900
  • Status: Active
  • On Site: 72 Days
  • MLS #: 11224657
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1955
Built
Neighborhood:
Crystal Lake / Lakewood / Prairie Grove
County:
McHenry
Area:
Crystal Lake / Lakewood / Prairie Grove
Property Description
Great investment opportunity to own a rental home and a prominent commercial building (470 W Virginia) at the intersection of Route 14 and Dole in Crystal Lake! Both the house and the building have leases in place. The commercial building houses a long time bicycle shop. The bicycle shop business is not for sale. This building has an office, bathroom, shop, large showroom, and basement! Fantastic exposure at this signalized high traffic volume intersection. There is a parking lot between the house and the commercial building. The house has 3 bedrooms and 1.1 baths. The tenant uses one bay of the detached garage and the bike shop uses the other bay. The house has B2 zoning so it could also be used as an office!
Exterior Features

Outdoor Parking 6-12 Spaces Parking Total 10 Water Drainage Storm Sewers

Interior Features

Cooling Central Air Fireplaces Total 1 Heat Ventilation Forced Air Number Of Dishwashers 1 Number Of Ranges 1

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 3000 Built Before1978 YN Yes Current Use Commercial Electric Circuit Breakers Fire Protection Fire Extinguisher/S Geographic Locale Northwest Suburban Gross Income 41400 Gross Scheduled Income 41400 Insurance Expense 0 Location Central Business DistrictCorner Number Of Tenants 1 Ownership Types Sole Proprietor Possible Use CommercialOffice And ResearchRetail Rental Price 10 Tax Annual Amount 18541 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceScavengerSewer Total Monthly Income 3450 Township Algonquin Type Mixed Use Utilities Electric To SiteGas To SiteSanitary SewerWater-Municipal

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner.


© 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 Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-01T23:58:58.677 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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