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641 Industrial DR Cary, IL 60013
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Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 11,623 sqft
Price per Sqft $86
MLS Listing ID 11958817
Sold Date 03/29/24
Year Built 2003
Annual Tax Amount $23,987
Tax Year 2022
Lot Size 0.910 Acres
Lot Dimensions 160X250
Property Description
Fully leased 6-unit masonry multi-tenant industrial building. 11,623 sf with 1937 sf units. 16 ft ceilings, 6- 10x12' DID's. Built in 2003 on .918 acre (2 PINS-also has 19-12-351-013). Well cared for. Can show one unit before accepted offer or LOI and the balance after accepted LOI. Cap rate 6.5% at full occupancy but has upside for rent increases and successful tax appeal. Owner is a licensed real estate broker. Do not disturb tenants. Gas and electric separately metered.
Location
State IL
County Mchenry
Area Cary / Oakwood Hills / Trout Valley
Zoning INDUS
Interior
Cooling Central Air, Office Only, Partial
Flooring Carpet, Concrete, Tile, Varies
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
Roof Type Membrane
Building
Level or Stories 1
Structure Type Block
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Bought with Eric Barry • RE/MAX Properties