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183 Heritage Dr 11,700 SF 43% Leased Office Building Crystal Lake, IL 60014 $1,099,000 ($93.93/SF) 5.60% Cap Rate
Investment Highlights
- recently renovated 2023
- ample parking
- ADA access
- energy efficient lighting
- elevator
- High grade commercial flooring
Executive Summary
]Exceptional opportunity to acquire a well-maintained 12,000-square-foot commercial building with ample on-site parking and flexible space configurations suitable for a variety of business uses. The majority of the building has been updated, offering modern finishes and minimizing immediate capital improvement needs for an owner-user or investor.
The property features excellent visibility, convenient access, and a generous parking ratio to accommodate employees, customers, and visitors. Updated interior spaces provide a move-in-ready environment while still allowing flexibility for customization to meet specific operational requirements.
Ideal for office, medical, professional services, educational, or mixed commercial uses. This property presents a rare combination of size, condition, and parking availability in today's market. Seller is motivated and will consider reasonable offers.
The property features excellent visibility, convenient access, and a generous parking ratio to accommodate employees, customers, and visitors. Updated interior spaces provide a move-in-ready environment while still allowing flexibility for customization to meet specific operational requirements.
Ideal for office, medical, professional services, educational, or mixed commercial uses. This property presents a rare combination of size, condition, and parking availability in today's market. Seller is motivated and will consider reasonable offers.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
11,700 SF
Building Class
B
Year Built/Renovated
1996/2023
Price
$1,099,000
Price Per SF
$93.93
Cap Rate
5.60%
NOI
$61,560
Percent Leased
43%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,900 SF
Slab To Slab
10’
Building FAR
1.07
Lot Size
0.25 AC
Zoning
B-2PUD - B-2 PUD City of Crystal Lake
Parking
30 Spaces (2.56 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste Suite B | 670 SF | Office | Full Build-Out | Now |
2nd Fl-Ste Suite B
| Size |
| 670 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste Suite B
| Size | 670 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 19-09-107-014 | Improvements Assessment | $104,574 |
| Land Assessment | $26,143 | Total Assessment | $130,717 |
Property Taxes
Parcel Number
19-09-107-014
Land Assessment
$26,143
Improvements Assessment
$104,574
Total Assessment
$130,717
1 of 31
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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183 Heritage Dr
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