SOLD-690 Droms Ct, Antioch, IL 60002


Address:
 690 Droms Court

City: Antioch, IL

Industrial building for sale in Antioch has been taken back by the lender. New Price $429,000, $26/sf,. Use could be as a multi-tenant by adding bathrooms to 3rd Unit, 2nd unit has bathrooms and 1st unit has currently a tenant, or use some of the space by owner and lease out or single owner user of entire building. 16,800 SF. Minutes from the Wisconsin border and easy access to I-94. Opportunity to purchase at below market. Building will need some updating and cosmetic improvements. Currently there is one tenant. 3 Drive in Doors facing west/south with 2 more on east/north side of building.

For Showings or additional information Contact Joe H Call or Text: 847-302-5550.

Vintage Apartments Value Add Opportunity

sd-lorne-polger.jpg

Polger: “Our current investment thesis is that as a direct result of this dichotomy, there is much more room for measurable rent growth with the older properties, especially after they are improved and modern amenities are added.”

 

Renting continues to be the way for many to go these days with fewer opting to make that first home purchase and downsizing by the 50+ crowd. Also continued is the shortage or lack of adequate rental inventory. So developers and investors have a choice, to scout around for the land, buy it right (key point) and build. All very expensive…or look at the 1970-80 product out there; find the good ones and provide a much needed facelift to riches!

http://www.globest.com/sites/carrierossenfeld/2016/10/19/why-buy-decades-old-apts-now/

 

 

Chicago Industrial Vacancy All Time Lows

http://www.rejournals.com/2016/09/27/low-vacancy-high-demand-the-factors-keeping-industrial-cap-rates-strong-in-chicago/

 

Investors from $500k to $1.5M are actively searching for property!

We see this trend across the Counties we serve, as available supply continues to tighten for users, combined with the need 1031 buyers have for replacement properties, this makes a solid, leased industrial property or any property for that matter attractive for investors.

 

What attracts & keeps employees

What attracts and keeps the best employees? Is it money, more money or titles or are there other factors that prompt new hires to pick one company over another and keeps employees at their current positions? This short but interesting article is for owners, supervisors and potential leaders and while much of the text applies to only the top tier offices, i.e.. napping lounges, the basis of the article is more about self worth and do people feel it or not?

http://www.globest.com/sites/carrierossenfeld/2016/08/23/understanding-the-four-pillars-of-workplace-vitality/?kw=Understanding%20the%20Four%20Pillars%20of%20Workplace%20Vitality&cn=20160825&pt=SpotlightOn&src=EMC-Email&et=editorial&bu=REM&slreturn=20160725175828

Leasing vs Owning for Small Lake County Businesses

for leaseWhy owning an office condo is preferred

Businesses looking to build equity and potential retirement assets, instead of making rent payments, should check out this option. If you are about to renew your lease, probably ought to look into what Northern Cook and Lake County can offer as there are properties in all price ranges and markets, contact us, we can help you in your search.

ttp://www.globest.com/sites/carrierossenfeld/2016/07/20/the-office-condo-market-is-back/?kw=The%20Office%20Condo%20Market%20is%20Back&cn=20160720&pt=National&src=EMC-Email&et=editorial&bu=REM&slreturn=20160620114019

 

Remake vs. Demo Merchandise Mart Facelift

Iconic Merchandise Mart, the remake shows you can make it like new and attract high profile tenants, and high profile rents; suburbs next!

Grand-Stair-2-2.jpg

http://www.globest.com/sites/brianjrogal/2016/06/17/898/?kw=Remaking%20the%20Merchandise%20Mart&cn=20160617&pt=Chicago&src=EMC-Email&et=editorial&bu=REM

SOLD: 480 Rose Road

480 Rose RoadAddress: 480 Rose Road

City: Lake Zurich, IL

Industrial condominium for sale with very open

floor plan, small front office with mostly warehouse.

Part of 5 unit building, (1) 10’x12’ DID

offers easy access. With SBA financing, 10%

down, monthly approximately $1,679 (P&I,

Taxes, Assoc. Fee). Location on the southwest

side of Industrial Park, easy, quick access to

Route 22. 1.5 miles to Route 12, 5 miles to Route

53 and 10 miles to I-94. Contact Joe H for additional

information or to schedule a time to view.

Call Joe

For Lease: 1625 Colonial Pkwy

1625 Colonial PkwyAddress: 1625 Colonial Pkwy

City: Inverness, IL

Standalone office building located within prestigious Williamsburg Village

For sale and lease.

Several offices ideal for individual or small work group on 1st Level

 

Prime location across from Harper College. Easy access to I-90 and

Route 53 and just 15 miles to O’Hare International Airport, 30 miles to

Chicago Loop. Contact listing agent Joe H for additional information and

to schedule a showing.

Call Joe

SOLD: 1625 Colonial Parkway, Inverness, IL 60067

1625 Colonial PkwyAddress: 1625 Colonial Parkway

City: Inverness, IL

Standalone office building located within prestigious Williamsburg Village

for sale and lease.

 

Palatine Inverness Investment Real Estate. At the current Net Operating Income this property returns a 10% Cap Rate. With a new list price of $529,000, this Palatine Commercial Property Investment generates $89K/year at 91% occupancy.

Prime location across from Harper College. Easy access to I-90 and

Route 53 and just 15 miles to O’Hare International Airport, 30 miles to

Chicago Loop.

Contact listing agent Joe Heffernan for additional financial information and

to schedule a showing.

Call or text Joe at 847-302-5550. Email Joe@joeheffernan.com for additional information.

Multi-Family Investments

multi family investmentsMost analysts are skeptical when it comes to the growth of commercial real estate in 2016. But contrary to belief, the multi-family properties are on pace for the second year of record investments.

In the first quarter of 2016, multi-family deal volumes reached a total of $37 billion. This number is almost exactly in line with the first quarter of 2015, which was a record year for multi-family investments at $161 billion.

Although, the multi-family property has seen record numbers so far in 2016, there has been some weakness at the upper price-end of that market. That being said, low to moderate income areas for these type of properties have seen little to no vacancies.

To further boost this market, Fannie Mae has announced that it has issued $12.6 billion of multi-family mortgage-backed securities, compared to first quarter of 2015’s $10.4 billion. This gives multi-family borrowers and lenders great access to liquidity.

 

For more information on multi-family investments for 2016 visit here.