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26639 Commerce Drive #403-404 Volo, IL 60073
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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 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
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
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Bought with Kristopher Merritt • Platford Realty, Inc.