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    275 Stonegate Road

    Algonquin, IL 60102
    • $549,900
    • STATUS: Active Under Contract
    • ON SITE: 417 days
    • MLS #: 10735466
    Under Contract
    UPDATED: 80 min ago
    $549,900
    • 0
      BEDS
    • 1.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,800
      SQFT
    • $51
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2004
    County:
    Area:

    School Ratings & Info

    Description

    Beautifully remodeled office condo located in the Randall Road corridor. The secure office condo consists of 12 office rentals, common conference room, men and women restrooms, kitchen area and reception area. Of the 12 rentable units, 11 are rented and 2 of them will end this year and both are looking to extend their lease. The condo has recently been remodeled including, flooring in the offices and in the common areas, fresh paint and new conference room furniture. The association is strong with a large reserve and the roof was done in 2019 and the driveway was sealed in 2020.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2021-07-27T16:54:56.02 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    275 Stonegate Road Algonquin, IL 60102

    • Price: $549,900
    • Status: Active Under Contract
    • Updated: 80 min ago
    • MLS #: 10735466
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.3
    Acres
    10,800
    SQFT
    $51
    $/SQFT
    2004
    Built
    Neighborhood:
    Algonquin
    County:
    McHenry
    Area:
    Algonquin
    Property Description
    Beautifully remodeled office condo located in the Randall Road corridor. The secure office condo consists of 12 office rentals, common conference room, men and women restrooms, kitchen area and reception area. Of the 12 rentable units, 11 are rented and 2 of them will end this year and both are looking to extend their lease. The condo has recently been remodeled including, flooring in the offices and in the common areas, fresh paint and new conference room furniture. The association is strong with a large reserve and the roof was done in 2019 and the driveway was sealed in 2020.
    Exterior Features

    Docks None Foundation Details Concrete Perimeter Frontage Type City Street Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking 31-50 Spaces Parking Total 50 Roof Composition Roof Structure Gable

    Interior Features

    Cooling Central IndividualZoned Electric Circuit Breakers Fire Protection Sprinklers-Wet Flooring Vinyl Heat Ventilation Central Heat/Indiv ControlsForced Air Leasable Area 0 Miscellaneous Inside Common Lunchroom/SCommon Meeting Room/SJanitorial ServiceStorage Inside

    Property Features

    Additional Parcels YN No Built Before1978 YN No Cap Rate 7 Current Use Office Existing Lease Type N/A Expense Year 2019 Exterior Building Type Brick Extra Storage Spaces Available YN Yes Geographic Locale Northwest Suburban Gross Income 64320 Gross Rentable Area 3024 Gross Scheduled Income 64320 Lot Size Dimensions Condo Min Avail Sq Ft Rentable 0 Net Operating Income Year 2019 Number Of Tenants 11 Operating Expense 22543 Possible Use Office And Research Property Offered For Sale Only Tax Annual Amount 13827 Tax Year 2019 Tenant Pays Other Total Monthly Income 5360 Zoning Offic

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Perillo Real Estate Group.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2021-07-27T16:54:56.02 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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