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    700 Willow Lane

    West Dundee, IL 60118
    • $990,000
    • STATUS: Active
    • ON SITE: 114 days
    • MLS #: 10732037
    $990,000
    • 0
      BEDS
    • 1.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,996
      SQFT
    • $110
      $/SQFT

    School Ratings & Info

    Description

    Huge investment opportunity priced to sell! This B-3 zoned commercial office is in a prime West Dundee location right off of IL Route 31 and near I-90. Two large parcels make up this spacious, serene 1.3 acre lot. The 6-unit office building was beautifully remodeled in 1990 and is all new throughout including all HVAC, electrical, high-speed internet, fixtures and floor plan to name a few. Units are easily expandable and divisible and can be modified to serve any leaser. All units have their own air conditioning/thermostats, designated 220 amp electrical usage, entrances/exterior doors and bathrooms. Building currently has over 70% tenant occupancy including some medical/dental offices and has ideal space for more. 2 units are available for lease and will possibly be fully rented out. This building is huge at nearly 9000 square feet wall to wall and has gorgeously sun lit, open units. On top of that, this building features a massive 4000 square foot basement, easily accessible by tenants for additional storage/usage. Property was designed to be easily handicap accessible for both building entry and restroom access. A large 50+ space parking lot allows for convenient parking for all tenants and their clients and is LED lit by night. A large marquee on Willow Lane serves as a great advertising resource for all tenants. This office building is in top notch condition and in a great location to provide leasing for decades to come. Don't miss out on this fantastic investment opportunity before it's gone!

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    © 2020 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 2020-09-23T23:51:01.15 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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    700 Willow Lane West Dundee, IL 60118

    • Price: $990,000
    • Status: Active
    • MLS #: 10732037
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.32
    Acres
    8,996
    SQFT
    $110
    $/SQFT
    1965
    Built
    Neighborhood:
    Dundee / East Dundee / Sleepy Hollow / West Dundee
    County:
    Kane
    Area:
    Dundee / East Dundee / Sleepy Hollow / West Dundee
    Property Description
    Huge investment opportunity priced to sell! This B-3 zoned commercial office is in a prime West Dundee location right off of IL Route 31 and near I-90. Two large parcels make up this spacious, serene 1.3 acre lot. The 6-unit office building was beautifully remodeled in 1990 and is all new throughout including all HVAC, electrical, high-speed internet, fixtures and floor plan to name a few. Units are easily expandable and divisible and can be modified to serve any leaser. All units have their own air conditioning/thermostats, designated 220 amp electrical usage, entrances/exterior doors and bathrooms. Building currently has over 70% tenant occupancy including some medical/dental offices and has ideal space for more. 2 units are available for lease and will possibly be fully rented out. This building is huge at nearly 9000 square feet wall to wall and has gorgeously sun lit, open units. On top of that, this building features a massive 4000 square foot basement, easily accessible by tenants for additional storage/usage. Property was designed to be easily handicap accessible for both building entry and restroom access. A large 50+ space parking lot allows for convenient parking for all tenants and their clients and is LED lit by night. A large marquee on Willow Lane serves as a great advertising resource for all tenants. This office building is in top notch condition and in a great location to provide leasing for decades to come. Don't miss out on this fantastic investment opportunity before it's gone!
    Exterior Features

    Construction BrickWood Frame Docks None Foundation Concrete Frontage Access Public Road Location Central Business District Lot Dimensions Building Parcel (0.98 Acres)Vacant Parcel (0.34 Acres) Lot Sq Ft 57499 Number Of Parking Spaces 51 Number Of TLDocks 0 Roof Coverings Metal Roof Structure Metal Decking

    Interior Features

    Air Conditioning Central AirCentral Individual Fire Protection Alarm MonitoredAlarm On SiteFire Extinguisher/SHydrants On SiteSmoke Or Fire ProtectorsSprinklers-WetStand PipeSprinklersCarbon Monoxide Detector(S) Floor Finish CarpetTileVinylWood Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/SHeavy Floor LoadInside Corridor/SMulti-TenantPrivate Restroom/SStorage InsideBasementHigh Speed Comm CircuitsPre-Wired Pc Network Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking 51-100 SpacesLightedOpenPaved

    Property Features

    Age 36-50 Years Built Before1978 YN Yes Current Use CommercialOffice And ResearchOther Electrical Service Circuit BreakersSeparate Meters0-100 Amps101-200 Amps Expense Year 2019 Exterior Building Type BrickStone Extra Storage Spaces Available YN Yes Geographic Locale Northwest Suburban Gross Rentable Area 8700 Gross Rental Income Amount 5114 Heat Ventilation Ceiling UnitsForced AirGas Known Encumbrances None Known Lease Type Gross Max Avail Sq Ft Rentable 8700 Min Avail Sq Ft Rentable 950 Miscellaneous Outside Handicapped AccessPatio Net Oper Income Amount 55217 Net Operating Income Year 2019 Number Of Tenants 4 Possession Closing Potential Use CommercialOffice And ResearchElderly HousingSingle Room Occupancy Property Offered For Sale Only Tax Year 2019 Taxes 20278.9 Tenant Pays Air ConditioningElectricHeatJanitorialReal Property TaxesInsurance Total Annual Exp 6151 Total Annual Expense Source Actual Total Annual Income 61368 Total Monthly Income 5114 Township Dundee Unincorporated YN No Utilities To Site Electric NearbyElectric To SiteGas NearbyGas To SiteSewer-Storm AvailableWater-Municipal Water Drainage Drain TilesDrainage WaysStorm Sewers Zoning Type Offic

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Infinity Realty Services 1 Inc.


    © 2020 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 2020-09-23T23:51:01.15 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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