Shelly Borota
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
The subject property is a two-tenant, 20,620 square foot industrial property, located in Spectrum Industrial Park on the south side of Schaumburg, along the Elgin O'Hare Expressway (IL-390). The building has a total of three drive-in doors and two interior loading docks and has the ability to be subdivided into three separate units. The ceiling height is 14' clear and it is1.08 acres with the parking lot in the back of the building, and overall the property is in good condition. Roof is completely redone in 2024. The building is located in the County of Cook, with relatively low real estate taxes for the area.Currently, the building has one 10,000 square foot which used by the owner and and one is leased 10,620 SF space until April 2027. The short term lease allows a new owner to either expand into the occupied unit, or increase the rent at the next renewal. The property offers an ideal opportunity for an owner/user investor to utilize the income while occupying half of the building, or allows an investor to increase value by leasing to a new tenant.
Property Highlights
Property Type: Commercial - Industrial
Building Description: 1.0 stories
Year Built: 1988
Lot Size: 1.08 acres
General Information
County: Cook
Listed By:
Rose Realty LLC
773-490-1749
MRED MLS
MLS ID: 12785137
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1118 Morse Avenue, Schaumburg, IL 60193.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $2,250,000 | $2,250,000 | $2,250,000 |
| Down Payment | $78,750 | $0 | $450,000 |
| Monthly Mortgage Amount | $14,513 | $15,485 | $12,432 |
| Taxes | $3131 | $3131 | $3131 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,351 | $0 | $0 |
| Monthly Estimated Total | $19,651 | $19,272 | $16,219 |
Shelly Borota
REALTOR®
Cell: (563) 357-8243
Licensed in IA
DeWitt Office
903 Sixth Avenue
DeWitt, IA 52742
(563) 659-9433
DeWitt, IA 52742
(563) 659-9433
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