$860,000
$875,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
18 Executive CT South Barrington, IL 60010
8,300 SqFt
Key Details
Sold Price $860,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 8,300 sqft
Price per Sqft $103
MLS Listing ID 11727290
Sold Date 06/01/23
Year Built 2003
Annual Tax Amount $67,914
Tax Year 2021
Lot Size 1.820 Acres
Lot Dimensions PER SURVEY
Property Description
The subject property is a two-story office building with high-end, fully built out 8,300 SF of office space on the first floor, and 525 SF of storage space on the second floor. The building is ideal for an owner/user or an owner/user investor. Currently, the seller occupies approximately half of the building and plans to vacate upon selling, and a mortgage company occupies the other half of the building. The mortgage company leases space on a year-to-year term and has been in the building for many years. A buyer can either keep this tenant or not renew them and use the full building. There is also an architect occupying two executive suites on a year-to-year term. The income from the tenants is roughly equivalent to the property taxes and association dues for the building.
Location
State IL
County Cook
Area Barrington Area
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 1
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Peter Cangialosi • Joseph Rossi & Associates