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Value-Add Office Condo Portfolio

1750 E Main Street

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Saint Charles, IL 60174

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Value-Add Office Condo Portfolio

1750 E Main Street

Saint Charles, IL 60174

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Contact Advisor

Square
Neil Johnson Managing Director/Broker
SVN | Landmark Commercial Real Estate

neil.johnson@svn.com
(C) 630.669.1414
(O) 630.938.4950
(F) 630.938.4960

 


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Sale Overview

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For Sale
Price:
$1,600,000
Building Size:
15,627 SF
Property Type:
Office
Year Built:
1988
Download Sale Brochure
 


Highlights

  • Portfolio of 4 Office Condos (REO)
  • 80% Leased. Future Upside in Rents
  • Elevator Masonry Building
  • Handsome Campus-Like Setting
  • Upscale Suburban Area
  • Additional Units Available

Description

Four-office condo portfolio in masonry, elevator building. 80% leased. Bank owned. One suite (#40) has a long term office tenant. Two others (#10 & #201) were leased on a short-term basis (with discounted rents) to ALDI. Value-add opportunity. Overall upside potential in rent income. 2016 Taxes: #40 - $7,238, #100 - $9,959, #10 - $4,813, #201 - $17,799.

There is potential to increase the portfolio size by acquiring two additional condos in the building: #90 & #190. Details available upon request.

On east Main St (IL Rt 64), just west of Dunham Rd. 0.8 miles west of Kirk Rd, and east of downtown St Charles. In busy office campus setting with good signage and visibility. Ample parking. Close to shopping, restaurants, and business services.