7705 Industrial Drive Spring Grove, IL 60081

$1,190,000
7705 Industrial Drive, Spring Grove, IL 60081
09865990

Commercial Property for sale in Spring Grove, IL

for $1,190,000. This 29,355 square foot building was built on a lot size of 326X271X326X273.

Property Information

  • $1,190,000
  • Commercial
  • 29,355 Square Feet
  • Taxes are $19,706
  • Multi-Family
  • Industrial
  • Active
  • 1 Floors
  • Lot size of 326X271X326X273
  • Spring Grove, IL
  • McHenry County
  • MLS/Web ID is 09865990

Description

Investment Opportunity! Spring Grove Industrial Property with 7 tenants, mostly assembly, distribution and service businesses. Building constructed by Owner in 2000. Ownership occupies 6, 300SF of upscale office (3, 600sf) & warehouse (2, 700sf- two separate spaces, 2, 000sf & 700sf) in this 29, 355SF building, sitting on 2.03 acre site. Business owners, take note: Net operating income will pay for expenses while reaping equitable gains for your investment portfolio. Or investors: Lease remaining space for a sustainable armchair investment opportunity. Ownership is retiring and willing to move to make as little as 2, 000sf of professional office space available, to 3, 600sf of executive offices or combined for a total of 5, 600sf. If you are interested in purchasing an office with or without warehouse and becoming an investor, this is your opportunity to achieve your goals!

Interior 6

Appliances

  • Fire Alarm
  • Fire Extinquisher

Cooling System

  • Central Air
  • Office Area Only

Flooring

  • Carpet(s)
  • Concrete Floors
  • Sealed
  • Tile Flooring
  • Varies by Unit
  • Vinyl Flooring

Heating System

  • Forced Air
  • Gas

Interior

  • Atrium

Water Source

  • Private Well

Exterior 8

Building Type

  • Multi-Family

Construction

  • Brick
  • Concrete
  • Steel Frame

Exterior

  • Security Lighting

Foundation

  • Concrete

Lot Description

  • Divisible

Parking

  • 61-80 Parking Spaces

Roof

  • Flat Roof
  • Metal Decking

Siding

  • Brick
  • Glass
  • Steel

Miscellaneous 5

Accessibility

  • Handicap Access
  • Handicap Bath Features

Commercial

  • Dock Leveler(s)
  • Load Stress Floor
  • Overhead Door(s)
  • Private Restroom

Documents

  • Aerial Photo
  • Backup Package
  • Demograph
  • Floor Plan
  • Tax Return

Location

  • Industrial Park
  • Office Park

Utilities

  • Electric

Rental 1

Tenant Pays

  • Air Conditioning
  • Common Area Maintenance
  • Electric
  • Heating
  • Insurance
  • Janitorial
  • Other Expenses
  • Real Property Taxes
  • Water/Sewer

† Excluded Feature

Listed By

Broker: ILREALTY, INC. KURCHINA & ASSOC.

7705 Industrial Drive, Spring Grove, IL, 60081 is a Commercial Property for sale at $1,190,000 with 29,355 sqft and a lot size of 326X271X326X273. 7705 Industrial Drive has 0.0 baths. The property's zip code is 60081 which is in Spring Grove, IL

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Pricing History

Date Price Price Change Description
7/16/2018 $1,190,000 -20.61 % Price Change
2/26/2018 $1,499,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Spring Grove $352,607 70 % below $289,950 76 % below
Commerical listings in Spring Grove $567,064 52 % below $585,000 51 % below

Get the facts about Spring Grove, IL!

Population 5,330
Population Growth (since 2000) 34 %
Median Income $90,809
Median Age 43.36
Households w/ Children 40 %

Residential Dwellings

  • Owned 1530
  • Vacant 65
  • Rented 161

Similar Listings

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or Call us at 1-800-839-1363