350 N Eric Dr - Manufacturing FOR SALE


Palatine, IL 60067- Downtown Palatine
$485,000 USD
847-345-6971
350 N Eric Dr, Palatine, IL for Sale
$485,000 USD
Manufacturing - FOR SALE
1/12
null | 12.79% Cap Rate

350 N Eric Dr
Palatine, IL 60067
Downtown Palatine


OVERVIEW

Starting offers at, This property is an mix use property industrial /office space, very rare in Palatine. Property consist of two building one of two floors of 5000SF . First floor ground floor have 5 offices with 600SF warehouse / storage room total of 2500SF nd 2500SF warehouse space separated rented. Ground flor can be more divided in 1200SF and 1300SF as 4 offices. Second floor have 12 Offices from 110Sf, 140,3x280,2x400, 2x 220 and 2 x600 Second building one floor only is 3500SF and have 8 offices from 140SF to 700SF The building is occupied 85% and make $12,000 income per month, is in fair condition with some renovation can make up to $ 20,000. Right now is rented month to month and perhaps is the lowest price in Palatine. This property need some work and improvements, Price firm and is already considered the repairs and upgrades need it. Parking lot need to be re-done, the roof need to be replace in booth building and modernized inside. Out of 4 Havc only on is recently replaced few years back, the rest of 3 HVAC on the two story building must be replaced, This is an excellent opportunity for some investor or owner occupied business. . NOT INTRESED TO WORK WITH A BROKER, PLEASE DO NOT CONTACT ME, I DON'T NEED HELP TO SELL IT. Lease with option to buy may be considered.

FOR SALE DETAILS

PRICE

$485,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

12.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

UTILITIES

Heating - Gas

CLEAR CEILING HT

10 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.82

LAND SF

35,719

ZONING

M

APN/PARCEL ID

02-15-433-016-0000

ASK ABOUT THIS PROPERTY

Mike StoicaSytek CorpMore Info
847-345-6971

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Mike StoicaSytek CorpMore Info
847-345-6971

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.