Wauconda, IL 60084,1145 N Old Rand Road
Wauconda, IL 60084,1145 N Old Rand Road
Wauconda, IL 60084,1145 N Old Rand Road
Wauconda, IL 60084,1145 N Old Rand Road
Wauconda, IL 60084,1145 N Old Rand Road
Wauconda, IL 60084,1145 N Old Rand Road
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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

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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Listed by Paul Proano • Coldwell Banker Commercial NRT
Bought with Heather Schweitzer • Premier Commercial Realty
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220 North Green Street, Chicago, IL, 60607

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