Wauconda, IL 60084,1145 N Old Rand RD
Wauconda, IL 60084,1145 N Old Rand RD
Wauconda, IL 60084,1145 N Old Rand RD
Wauconda, IL 60084,1145 N Old Rand RD
Wauconda, IL 60084,1145 N Old Rand RD
Wauconda, IL 60084,1145 N Old Rand RD
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$1,650,000

$1,650,000

Est.Price: ?

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Est. payment /mo

12,500 SqFt


SOLD DATE : 09/15/2024

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

Area Wauconda

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

Building

Level or Stories 1

Structure Type Block

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Midwest Real Estate Data (MRED) IDX
Listed by Paul Proano • Coldwell Banker Commercial NRT
Bought with Heather Schweitzer • Premier Commercial Realty
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