Bought with Gloria Lin of Altogether Realty Corporation
$348,000
$375,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
1602 W Colonial Parkway #37 Inverness, IL 60067
6,175 SqFt
Key Details
Sold Price $348,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 6,175 sqft
Price per Sqft $56
MLS Listing ID 10959802
Sold Date 12/30/22
Year Built 1983
Annual Tax Amount $25,814
Tax Year 2020
Property Sub-Type Office/Tech
Property Description
Well maintained office building with long term tenants. Current Cap rate 12%. Well established 1st floor tenant for 20+ years. New 2nd Floor Tenant w/ 5 year lease. Six (out of 7) Lower level offices being rented as individual offices, all with a 60 day cancellation clause allowing a buyer to occupy all +/- 1,800sf.
Location
State IL
County Cook
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
View Y/N true
Roof Type Shake
Building
Foundation Concrete Perimeter
Structure Type Wood Frame
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