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    95 Grand Ave Lake Villa, IL 60046

    Sponsored
    For Sale
    $779,000

    Multi-tenant office building, high occupancy.

    Property size:
    15,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional two-story, 15,300 square foot Class B office building in Lake Villa, Illinois, presents a compelling investment opportunity. Located at 95 W. Grand Ave, this property boasts 18 units, currently 90% occupied with year-to-year lease agreements, offering immediate cash flow. The building, constructed in 1980, features a mix of executive, medical, and traditional office spaces ranging from 500 to 1,600 square feet, many with natural light and some offering views of Cedar Lake. Common area amenities include updated hallways, fresh carpeting, and tile bathrooms on both floors. The climate-controlled building is equipped with four rooftop HVAC units, two of which are newer, along with a recently recoated roof. Landlord responsibilities include heat, air conditioning, water, and sewer. The property includes 70 parking spaces and a 32x40 masonry garage with a fenced material yard situated on a 1.13-acre lot. Its convenient location offers tenants easy access to downtown Lake Villa's amenities and the Metra station. The asking price is $779,000, with a price per square foot of $50.92 and a land value of $15.81 per square foot. Financial details are available upon request and execution of a non-disclosure agreement. A 24-hour notice is required for showings. The property's zoning is CB. The APN is 06052020720000. Net rentable square footage is 12,000.

    Property Features for 95 Grand Ave

    General Information

    Property type
    Medical offices
    Square Feet
    15,300 SF
    Class
    B
    Lot Size
    49,223 SF

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    2
    Units
    18

    HighLights

    • 90% Occupancy Rate
    • Suites ranging from 500 to 1,600 square feet
    • Shared Restrooms
    • Convenient Metra access
    • Landlord pays heat, AC, water, and sewer
    • Extensive parking available
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.0850439
    Latitude
    42.4151127

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Medical office - Multi-tenant office building, high occupancy.
    Where is this medical office located?
    The property is located at 95 Grand Ave Lake Villa, IL.
    What is the asking price?
    The asking price for this property is $779,000.
    What are key features of this property?
    This property features: 90% Occupancy Rate; Suites ranging from 500 to 1,600 square feet; Shared Restrooms
    Request Owner's contact information
    95 Grand Ave Lake Villa, IL 60046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    95 Grand Ave Lake Villa, IL 60046
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