Fox Lake, IL 60020,34 W Grand Avenue
Fox Lake, IL 60020,34 W Grand Avenue
Fox Lake, IL 60020,34 W Grand Avenue
34
$200,000
$210,000
4.8%
Est.Price: ?

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1,800 SqFt

34 W Grand Avenue Fox Lake, IL 60020

Est. payment /mo
SOLD DATE : 11/01/2021

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Key Details

Sold Price $200,000

Property Type Commercial

Sub Type Office/Tech

Listing Status Sold

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $111

MLS Listing ID 10885201

Sold Date 11/01/21

Year Built 1940

Annual Tax Amount $1,301

Tax Year 2019

Lot Size 1,306 Sqft

Lot Dimensions 30X50

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!

Location

State IL

County Lake

Zoning COMMR

Interior

Cooling Central Air

Flooring Carpet

Fireplace N

Exterior

Utilities Available Electric to Site, Gas to Site, Water-Municipal

View Y/N true

Roof Type Composition

Building

Foundation Block

Structure Type Wood Frame

Read Less


Listed by Jeannine Graff • Graff Realty
Bought with Rufo Moyo • RE/MAX American Dream

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Sharie Jackson

Realtor | License ID: 475.180534

+1(708) 231-8901

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