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1623 W Colonial Pky

5,330 SF 61% Leased Office Building Inverness, IL 60067 $395,000 ($74/SF)

Investment Highlights

  • Overlooks pond
  • Excellent Floor Plans
  • Park Like setting
  • Natural Light
  • Owner User Space

Executive Summary

This 3 LEVEL 5,330 sq. ft. 2-story (plus finished lower level) professional office condo building is located in the prestigious Williamsburg Village, a comfortable commercial setting surrounded by park like landscaping, ponds, brick paver streets and a covered bridge. The property features an open entry foyer that provides access to all 3 levels. The first floor, 2,085sf includes a front and side entrance (with handicap accessibility), 3 private offices, 3-open work/reception areas, large executive conference room with fireplace (can easily break into 2 private offices), and 2 washrooms. The first floor will be vacant upon sale. The Second floor is 1,160sf & is leased, includes two separate suites, shared common area and single washroom. Suite 2A office suite features a fireplace. Suite 2B features 2 private offices and a large open work area. The lower-level features 2,085sf which includes 2 separate office suites which are leased, a shared kitchenette, shared washroom & utility room. Suite LLA includes 1 private office, 4 cubicle workstations and an open work area. Suite LLB features 2 private offices/rooms and large open work area/conference room. Natural gas generator that controls the entire building! Great opportunity for an owner/user who is tired of paying rent or an investor looking to lease office spaces with flexible configurations.
Prime location across from Harper College, 5 minutes to I-90, 15 miles to O'Hare International Airport and 30 miles to Chicago Loop.
2022 (payable 2023) Real Estate Taxes are $24,253. Monthly association fees are $997 and includes all exterior building maintenance and repairs, gutter cleaning, landscape services, snow removal services, pond maintenance, exterior painting, parking lot maintenance and repairs, sidewalk maintenance and repairs, common outside electrical, scavenger services, management fees, as well as attorney fees (RE Tax Protests).

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
5,330 SF
Building Class
C
Year Built
1983
Price
$395,000
Price Per SF
$74
Percent Leased
61%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,665 SF
Building FAR
0.01
Lot Size
11.67 AC
Zoning
B-2 - Business
Parking
10 Spaces (1.88 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-28-301-068-1001
  • 02-28-301-068-1005
Land Assessment
$62,375
Improvements Assessment
$78,045
Total Assessment
$140,420
  • Listing ID: 33551692

  • Date on Market: 10/17/2024

  • Last Updated:

  • Address: 1623 W Colonial Pky, Inverness, IL 60067

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