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$ 779,000
Est. payment | /mo
15,302 SqFt
$ 779,000
Est. payment | /mo
15,302 SqFt
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 15,302 sqft
Price per Sqft $50
MLS Listing ID 11421391
Year Built 1980
Annual Tax Amount $21,876
Tax Year 2022
Lot Size 1.130 Acres
Lot Dimensions 188X303X59X78X130X226
Property Description
Cedar View Plaza Office Building (14,000 square feet and warehouse 1,280 square feet) being sold by original builder after 40 plus years ownership! This brick and frame professional office building offers lots of flexibility to lease space. Originally constructed for medical office the building has evolved into professional/service businesses. Most offices have natural light from large windows. Some spaces have views of Cedar Lake! Hallways have fresh paint and carpeting. Common area tile bathrooms on first and second floors. Climate controlled building has 4 rooftop units for heat and AC. Three HVAC units are newer along with newer roof coating. Landlord pays heat, air conditioning, sewer and water. Tenants can walk to downtown Lake Villa restaurants, bars and METRA station. Ample parking. Includes masonry 32x40 garage with fenced in material yard on one acre of land. Approx 85% occupied on year to year lease agreements. Village of Lake Villa will consider conversion of second floor to residential apartments. Long time owner looking to retire/get out of management. Financials upon request and NDA. Please allow 24 hours for showings. Grand Avenue land bridge construction to be completed end of 2024. Can access westbound on Grand. Call for office available office spaces.
Location
State IL
County Lake
Area Lake Villa / Lindenhurst
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet, Concrete, Tile, Varies, Vinyl
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Roof Type Composition,Membrane
Building
Dwelling Type Office/Tech
Level or Stories 2
Structure Type Brick,Wood Frame
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Robert Frank • Robert E. Frank Real Estate
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