6419 Lou Street
Crystal Lake,
IL
60014
$1,500,000.00
$1,250,000.00
Listing Description
204 Self Storage Units-partially leased undermanaged self storage project with 6 buildings of 3500+ sf each totaling 27,693 sq ft on 1.84 acres. Current income only $30684/yr due to lack of attentiveness. Needs a new lease-up program. Potential annual income in excess of $187,000. Some deferred maintenance. Steel and frame construction. Algonquin Township Assessor has assessed this at $1,763,300 per tax bills. Unit mix: 53-5x10;60-10x10;88-10x20;2-10x30. 5 paying outdoor parking spaces. 1 leased shed. 6 multi-tenant industrial buildings also available separately for $2,250,000. Additional address for this property is 6210 Official Drive. Other PINS are 09-08-227-009 and 014.