6419 Lou ST

Crystal Lake,IL 60014

$ 1250000

- Bed

0 Bath

27693 SqFt


Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 27,693 sqft

Price per Sqft $45

MLS Listing ID 11858246

Year Built 1977

Annual Tax Amount $54,114

Tax Year 2023

Lot Size 1.840 Acres

Lot Dimensions 80150

Property Description

204 Self Storage Units-partially leased undermanaged self storage project with 6 buildings of 3500+ sf each totaling 27,693 sq ft on 1.84 acres. Current income only $30684/yr due to lack of attentiveness. Needs a new lease-up program. Potential annual income in excess of $187,000. Some deferred maintenance. Steel and frame construction. Algonquin Township Assessor has assessed this at $1,763,300 per tax bills. Unit mix: 53-5x10;60-10x10;88-10x20;2-10x30. 5 paying outdoor parking spaces. 1 leased shed. 6 multi-tenant industrial buildings also available separately for $2,250,000. Additional address for this property is 6210 Official Drive. Other PINS are 09-08-227-009 and 014.

Location

State IL

County Mchenry

Area Crystal Lake / Lakewood / Prairie Grove

Zoning MANUF

Interior

Cooling None

Fireplace N

Building

Dwelling Type Industrial

Level or Stories 1

Structure Type Steel Siding

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