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Key Details
Sold Price $1,650,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 12,500 sqft
Price per Sqft $132
MLS Listing ID 12103475
Sold Date 09/15/24
Year Built 1980
Annual Tax Amount $12,299
Tax Year 2022
Lot Size 0.870 Acres
Lot Dimensions 125X208X266X180
Property Description
Industrial building located at 1145 N Old Rand Rd Wauconda IL in Lake county. This property is located near Rt 12, and situated in an industrial park. This property offers a combined total of 12,500 rentable square feet. It features a 1,200 sq ft modern office area with two well-appointed bathrooms and a locker room. The shop/warehouse contains 10,000 sq ft and a mezzanine that contains additional 1,400 sq ft. The property is situated on .87 acres and offers ample outside storage and parking spots. Includes a recessed loading dock with a manual dock plate, and two additional 14 ft tall doors. The building is equipped with a 480 Y 277/ 3 phase 4 wire 800 amps electrical system. For enhanced safety, the entire building, including the office area, is equipped with a comprehensive sprinkler system. The current industrial submarket in the immediate area has shown strength over the past year. Vacancy in the South Lake County industrial submarket is 5.6% and has decreased 0.8% over the past 12 months. Rents are around $10.60/SF, which is a 4.7% increase from where they were a year ago. In the past three years, rents have increased a cumulative 21.5%. This property is well suited for an investment opportunity or owner use.
Location
State IL
County Lake
Zoning INDUS
Interior
Cooling Central Air, Exhaust Fan
Flooring Concrete, Tile
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Block
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Heather Schweitzer • Premier Commercial Realty
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959