Lake Villa, IL 60046 95 W Grand Avenue

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Presented By: Robert E. Frank Real Estate
  • MLS# 11421391
  • 06/01/2022
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 15,302

Home Details

Cedar View Plaza Office Building (14,000 square feet and warehouse 1,280 square feet) being sold by original builder after 40 plus years ownership! This brick and frame professional office building offers lots of flexibility to lease space. Originally constructed for medical office the building has evolved into professional/service businesses. Most offices have natural light from large windows. Some spaces have views of Cedar Lake! Hallways have fresh paint and carpeting. Common area tile bathrooms on first and second floors. Climate controlled building has 4 rooftop units for heat and AC. Three HVAC units are newer along with newer roof coating. Landlord pays heat, air conditioning, sewer and water. Tenants can walk to downtown Lake Villa restaurants, bars and METRA station. Ample parking. Includes masonry 32x40 garage with fenced in material yard on one acre of land. Approx 85% occupied on year to year lease agreements. Village of Lake Villa will consider conversion of second floor to residential apartments. Long time owner looking to retire/get out of management. Financials upon request and NDA. Please allow 24 hours for showings. Grand Avenue land bridge construction to be completed end of 2024. Can access westbound on Grand. Call for office available office spaces.
Presented By: Robert E. Frank Real Estate

Interior Features for 95 W Grand Avenue

Other Interior Features

FlooringCarpet, Concrete, Tile, Varies, Vinyl

General for 95 W Grand Avenue

Additional Parcels Y/NNo
CityLake Villa
Construction MaterialsBrick, Wood Frame
CoolingCentral Air
CountyLake
Current UseOffice
Days on Market822
DirectionsRoute 83 & Grand Avenue, West to Cedar View Office building
ElectricSeparate Meters, Service - 0 to 100 Amps
Gross Income
Leasable Area1500
Lease TypeGross
Lot Size Square Feet49262
MLS AreaLake Villa / Lindenhurst
Net Operating Income
NumberOfUnitsTotal18
Operating Expense0
PossessionNegotiable
Possible UseCommercial, Condominium, Office and Research, Retail, Special Use
Property SubTypeOffice
Property TypeCommercial Sale
Property TypeOffice/Tech
RoofComposition, Membrane
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount21876
Tax Year2022
Tenant PaysElectricity, Varies by Tenant
TownshipLake Villa
UtilitiesElectric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Year Built1980
ZoningCOMMR

Exterior for 95 W Grand Avenue

Building Area Total15302
ExteriorBrick, Cedar, Shingle Siding
Foundation DetailsConcrete Perimeter
Frontage TypeState Road
Lot Dimensions188X303X59X78X130X226
Lot Size Acres1.13

Additional Details

Price History

Worth Clark

Price $779,000
MLS#11421391
List Date 06/01/2022
Property Type Commercial
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