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    FOR LEASE
    Office Spaces

    5642 N 2Nd St, Loves Park, IL 61111

    15,009 SF 1.2 ac lot Built 1961
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US28-1013470
    Property summary
    AI-generated overview

    This exceptional Phoenix office property at 5642 N 2nd St offers a unique blend of traditional, coworking, and creative office spaces, totaling 15,009 square feet. Currently, 5,024 square feet are available for lease, presenting a significant opportunity for a growing business. The building's versatile design caters to diverse needs, featuring updated private offices, generously sized conference rooms, a welcoming reception area, fully equipped kitchenettes, and modern restrooms. The ample square footage allows for comfortable expansion and efficient workflow. The property is zoned CR, providing flexibility for various business types. The multiple tenancy structure allows for a variety of leasing options, making it ideal for businesses of all sizes. This is a rare opportunity to secure a well-maintained, adaptable office space in a desirable location. The property's modern amenities and spacious layout create a productive and inviting work environment. The available space is ready for immediate occupancy, offering a seamless transition for your business. Don't miss this chance to establish your presence in this vibrant area. Inquire today to learn more about leasing options and explore the possibilities this exceptional property offers.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1961
    Construction STEEL FRAME
    Total area 15,009 SF
    Lot 1.2 ac (52,272 SF)
    Zoning code CR
    APN 11-01-476-018
    UPID US28-1013470
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ticomix Tech Support Center IT Consulting Firm
    • breaking away crm (Bike/Boat/Book/etc) Store Corporate Office
    • GoldBox Software (Bike/Boat/Book/etc) Store Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $856k
    Blend (final) Blend
    $630k
    Owner & transaction history
    Ajb Properties LLC · 7 yrs held
    Ajb Properties LLC
    since 2018
    7 recorded transactions
    2018
    2018
    2018
    2003
    $600,000
    2002
    $72,000
    1969
    1969
    Zoning & alternative use
    CR · Loves Park, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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