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34 W Grand Avenue Fox Lake, IL 60020
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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
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Bought with Rufo Moyo • RE/MAX American Dream