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1750 Cumberland Drive, ALGONQUIN, IL

$695,000 - $695k Price - 17,335 Sqft - 1.95 Acres

FULLY LEASED 14-UNIT 17000 SF MASONRY INDUSTRIAL BUILDING BUILT IN 2-STAGES (1975 AND 1994). 6-1000 SF UNITS WITH 14 FT CEILINGS AND 8 1400 SF UNITS WITH 15 FT CEILINGS. EACH WITH A BATHROOM AND SEPARATE GAS AND ELECTRIC METERS. UNITS 7-14 HAVE SEPARATE WATER METERS; LANDLORD PAYS WATER/SEWER FOR UNITS 1-6. NUMEROUS RECENT UPGRADES INCLUDED: 1) NEW RUBBER MEMBRANE ROOF WITH 15 YEAR WARRANTY (2013), 2) NEW PARKING LOT (2018), 3)EXTERIOR STAIN (2018) 4) TUCKPOINT TOUCHUP (2016), 5) NEW FIRE ALARM PANEL (2019) 6)NEW BACKFLOW PREVENTER (2019). 7.4% CURRENT CAP RATE WITH MUCH UPSIDE (LEASES ARE BELOW MARKET AND ALL MONTH TO MONTH). CURRENT WAITING LIST. UNITS HAVE 13 10X12 DRIVE IN DOORS SO YOU CAN DRIVE THRU. INDIVIDUAL GFA CEILINGS UNITS-A FEW HAVE CENTRAL AIR. SOME HAVE SMALL OFFICES. ADDITIONAL ADJACENT LAND AVAILABLE SEPARATELY FOR EXPANSION (2.23 ACRES FOR ONLY $126000).

Essential Information

For 1750 Cumberland Drive, ALGONQUIN, IL
  • MLS® # 10490228
  • Price $695,000
  • Square Footage 17,335
  • Acres 1.95
  • Year Built 1975
  • Type Commercial
  • Sub-Type Industrial
  • Status Contingent

Community Information

For 1750 Cumberland Drive, ALGONQUIN, IL
  • Address 1750 Cumberland Drive
  • Area Algonquin
  • City ALGONQUIN
  • County Mc Henry
  • State IL
  • Zip Code 60102

Amenities

For 1750 Cumberland Drive, ALGONQUIN, IL
  • Parking Spaces 34

Utilities

For 1750 Cumberland Drive, ALGONQUIN, IL

Electric to Site, Gas to Site, Sanitary Sewer to Site, Water-Municipal

Interior

For 1750 Cumberland Drive, ALGONQUIN, IL
  • Heating Forced Air, Gas, Ceiling Units
  • Cooling Partial
  • Stories 1

Exterior

For 1750 Cumberland Drive, ALGONQUIN, IL
  • Exterior Brick
  • Lot Description Commercial Business Park
  • Roof Flat
  • Construction Brick
  • Foundation Concrete

Additional Information

For 1750 Cumberland Drive, ALGONQUIN, IL
  • Zoning INDUS

Listing Details

For 1750 Cumberland Drive, ALGONQUIN, IL
  • Office Premier Commercial Realty

Price Change History for 1750 Cumberland Drive, ALGONQUIN, IL (MLS® #10490228)

Date Details Change
Status Changed from Active to Contingent
Status Changed from New to Active

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Listing information last updated on September 22nd, 2019 at 5:05am CDT.