Flex Building with Drive-In
For Sale
$206,000
1000 N Rand Rd Unit 110, Wauconda, IL 60084
The layout combines professional office space with warehouse space.
Property Size1,761 SF
Price / SF$116.98
Days on Market47
Property Features for 1000 N Rand Rd Unit 110
General Information
Standard status
Active
Size
1,761 SF
Building Details
Year Built
1986
Listing Agency:
Baird & Warner
Listed By:
Maria Metzler · License #475157999
(847) 372-0154
Source:
Tumpanelegacy
Added: Sep 2
Changed: Oct 9
Last Checked: Oct 7 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner
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Investment Insights
Based on property information with market context.
This 1,761-square-foot flex property brings office and warehouse functions together within a commercial industrial building. The interior includes professional office space, warehouse space, a private bathroom, a utility sink, and a washer and dryer. A rear drive-in garage door provides direct entry to the warehouse area, supporting convenient movement of equipment and materials.
Built in 1986, the property is located at 1000 N Rand Rd Unit 110 in Wauconda, Illinois, just off Rand Road. Its combination of work areas and service-oriented features accommodates a range of office, storage, warehouse, and service operations.
Built in 1986, the property is located at 1000 N Rand Rd Unit 110 in Wauconda, Illinois, just off Rand Road. Its combination of work areas and service-oriented features accommodates a range of office, storage, warehouse, and service operations.
Key Highlights
- 1,761‑square‑foot commercial industrial building
- Combined professional office and warehouse areas
- Rear drive‑in garage door serving the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,287
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,740
$205.7K
Cap Rate 7%
$146,957
$147.0K
Cap Rate 9%
$114,300
$114.3K
Market Conditions
NOI Build-Up for 1,761 SF
Gross rent
$16.7K $9.48/SF
− Vacancy
−$868 −$0.49/SF
EGI
$15.8K $8.99/SF
− OpEx
−$5.5K −$3.15/SF
NOI
$10.3K $5.84/SF
Area
Lake County, IL
Vacancy
5.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,740
Cap Rate 7%
$146,957
Cap Rate 9%
$114,300
Alternative Uses
Best Use
Office B
$346.9K
$303.5K – $404.7K
NOI $24,281 @ 7.0% cap · market cap 11.79%
Second Best
Flex RnD
$147.0K
$128.6K – $171.5K
NOI $10,287 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$608.0K
$532.0K – $709.3K
NOI $42,560 @ 7.0% cap · market cap 20.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60084, IL
17,029
Population
6,811
Households
2.5
Avg Household Size
41
Median Age
38%
College-Educated
92%
High-School Grad
14.0 sq mi
ZIP Area
1,216
Density / Sq Mi
$104,907
Median Household Income
$54,244
Median Earnings
$1,267
Median Rent
$283,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Eduardo's International — 427 W Liberty St, Wauconda, IL 60084
Frequently Asked Questions
What type of property is this?
Flex space - The layout combines professional office space with warehouse space.
Where is this flex space located?
The property is located at 1000 N Rand Rd Unit 110 Wauconda, IL.
What is the asking price?
The asking price for this property is $206,000.
What are key features of this property?
This property features: 1,761‑square‑foot commercial industrial building; Combined professional office and warehouse areas; Rear drive‑in garage door serving the warehouse
