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2502 Spring Ridge Drive

Spring Grove, IL 60081
  • $2,500,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 11249458
UPDATED: 28 min ago
$2,500,000
  • 0
    BEDS
  • 1.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1993
County:
Area:

School Ratings & Info

Description

INVESTMENT OPPORTUNITY SELF STORAGE FACILITY 4 BUILDINGS * 99 UNITS * 27,225 SF This self storage facility has 3 storage buildings and 1 flex office/warehouse building with the total square footage of all 4 buildings equating to 27,225 SF. Fenced and gated with room for some outside storage as well. 92 storage units within the 3 self storage buildings. Unit sizes are a mix of 5'x10', 10'x10', 10'x15', 10'x20' and 10'x30' with 14' ceiling height and 12'x14' DIDs. The flex building is home to 7 units of warehouse and office space with a 10,875 SF footprint.. (See rent roll for breakdown of units) Currently 97% leased. Recent upgrades have this place humming, kicking off a nice $154,382 NOI and 6.18% CAP rate. Contact broker for financials.

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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 Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-08T13:00:54.43 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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2502 Spring Ridge Drive Spring Grove, IL 60081

  • Price: $2,500,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 28 min ago
  • MLS #: 11249458
0
Beds
0
Baths
0
½ Baths
1.98
Acres
1993
Built
Neighborhood:
Spring Grove
County:
McHenry
Area:
Spring Grove
Property Description
INVESTMENT OPPORTUNITY SELF STORAGE FACILITY 4 BUILDINGS * 99 UNITS * 27,225 SF This self storage facility has 3 storage buildings and 1 flex office/warehouse building with the total square footage of all 4 buildings equating to 27,225 SF. Fenced and gated with room for some outside storage as well. 92 storage units within the 3 self storage buildings. Unit sizes are a mix of 5'x10', 10'x10', 10'x15', 10'x20' and 10'x30' with 14' ceiling height and 12'x14' DIDs. The flex building is home to 7 units of warehouse and office space with a 10,875 SF footprint.. (See rent roll for breakdown of units) Currently 97% leased. Recent upgrades have this place humming, kicking off a nice $154,382 NOI and 6.18% CAP rate. Contact broker for financials.
Exterior Features

Outdoor Parking 19-30 Spaces

Interior Features

Cooling Office Only Heat Ventilation Forced Air Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 26-35 Years Building Area Total 27225 Built Before1978 YN No Electric Service - 101 To 200 Amps Fire Protection Fire Extinguisher/S Geographic Locale Northwest Suburban Gross Income 241248 Gross Scheduled Income 241248 Leasable Area 27225 Net Operating Income 154382 Operating Expense 74804 Ownership Types Limited Liability Corp Property Offered For Sale Only Property Sub Type Other Tax Annual Amount 22410 Tax Year 2020 Tenant Pays Other Township Richmond Type Industrial

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Premier Commercial Realty.


© 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 Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-08T13:00:54.43 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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2441 Village Green Place
Champaign IL, 61822