1750 Cumberland Drive, ALGONQUIN

$695,000

0 Beds
0 Baths
17,335 Sqft
1.95 Acres
0 Garages

FULLY LEASED 14-UNIT 17000 SF MASONRY INDUSTRIAL BUILDING BUILT IN 2-STAGES (1975 AND 1994). 6-1000 SF UNITS WITH 14 FT CEILINGS AND 8 1400 SF UNITS WITH 15 FT CEILINGS. EACH WITH A BATHROOM AND SEPARATE GAS AND ELECTRIC METERS. UNITS 7-14 HAVE SEPARATE WATER METERS; LANDLORD PAYS WATER/SEWER FOR UNITS 1-6. NUMEROUS RECENT UPGRADES INCLUDED: 1) NEW RUBBER MEMBRANE ROOF WITH 15 YEAR WARRANTY (2013), 2) NEW PARKING LOT (2018), 3)EXTERIOR STAIN (2018) 4) TUCKPOINT TOUCHUP (2016), 5) NEW FIRE ALARM PANEL (2019) 6)NEW BACKFLOW PREVENTER (2019). 7.4% CURRENT CAP RATE WITH MUCH UPSIDE (LEASES ARE BELOW MARKET AND ALL MONTH TO MONTH). CURRENT WAITING LIST. UNITS HAVE 13 10X12 DRIVE IN DOORS SO YOU CAN DRIVE THRU. INDIVIDUAL GFA CEILINGS UNITS-A FEW HAVE CENTRAL AIR. SOME HAVE SMALL OFFICES. ADDITIONAL ADJACENT LAND AVAILABLE SEPARATELY FOR EXPANSION (2.23 ACRES FOR ONLY $126000).

Essential Information
MLS® #10490228
Price$695,000
Square Footage17,335
Acres1.95
Year Built1975
TypeCommercial
Sub-TypeIndustrial
StatusContingent
Community Information
Address1750 Cumberland Drive
AreaAlgonquin
CityALGONQUIN
CountyMc Henry
StateIL
Zip Code60102
Amenities
Parking Spaces34
Utilities

Electric to Site, Gas to Site, Sanitary Sewer to Site, Water-Municipal

Interior
HeatingForced Air, Gas, Ceiling Units
CoolingPartial
Stories1
Exterior
ExteriorBrick
Lot DescriptionCommercial Business Park
RoofFlat
ConstructionBrick
FoundationConcrete
Additional Information
ZoningINDUS
Listing Details
OfficePremier Commercial Realty
Property History
Status Changed from Active to Contingent
Status Changed from New to Active
LISTING MAP

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Listing information last updated on October 15th, 2019 at 3:35am CDT.