Volo, IL 60073,26639 Commerce DR #403-404
Volo, IL 60073,26639 Commerce DR #403-404
Volo, IL 60073,26639 Commerce DR #403-404
Volo, IL 60073,26639 Commerce DR #403-404
Volo, IL 60073,26639 Commerce DR #403-404
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$680,000

$704,000

3.4%
Est.Price: ?

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Est. payment /mo

16,000 SqFt


SOLD DATE : 12/18/2020

Key Details

Sold Price $680,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 16,000 sqft

Price per Sqft $42

MLS Listing ID 10812869

Sold Date 12/18/20

Year Built 2003

Annual Tax Amount $23,153

Tax Year 2019

Lot Dimensions 16000

Property Sub-Type Industrial

Property Description

These 2 Industrial condominium units are part of a 4- unit building built in 2002. They are connected internally and occupied by a single tenant who is a commercial manufacturer with a strong occupancy and rental history. Each unit has independent commercial drive in doors and loading docks. They also have separate gas and 277/480V 3 Phase power. Heating is provided by 3-4 overhead gas powered heating systems. The roof is constructed with a Firestone rubber membrane. All roofing, HVAC, driveways, landscaping and brick tuckpointing are regularly maintained and covered by HOA fees (including exterior building insurance). These pristine, fully leased units are offered at an 8% Cap Rate. The units are offered as a package, not individually. This area of Volo is growing both commercially and residentially. These units are in a thriving commercial complex that includes a stable children's day care center. Located near the intersections of Route 120 and Route 60, the average car count per day exceeds 24,000. Association Dues: Unit 403: $9,636/YR; Unit 404: $9,636/YR

Location

State IL

County Lake

Area Volo

Interior

Cooling None

Fireplace N

Building

Level or Stories 1

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Midwest Real Estate Data (MRED) IDX
Listed by Diana Peterson • AW Properties Global/Auction Works
Bought with Kristopher Merritt • Platford Realty, Inc.
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