$420,000
$469,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
1845 E Rand RD #L100 Arlington Heights, IL 60004
20,522 SqFt
Key Details
Sold Price $420,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 20,522 sqft
Price per Sqft $20
MLS Listing ID 12082537
Sold Date 08/14/24
Year Built 1984
Tax Year 2022
Lot Size 2.200 Acres
Lot Dimensions COMMON
Property Description
Great office investment in the lower level of a office condominium building. The office is 5,500 square feet and occupied with a long-term net lease ending in 2032. 2024, the tenant will pay 4,440 a month. the cap rate will be 11%. Rents will also rise after 2029 to 4884 a month. This unit is a great investment opportunity for potential investors. Tenant pays property taxes, CAM, and utilities.
Location
State IL
County Cook
Area Arlington Heights
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet, Tile
Fireplace N
Building
Level or Stories 2
Structure Type Brick
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Bought with Jerry Hix • Keller Williams Infinity
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