39151 N Jackson Drive Spring Grove, IL $ 900,000
39151 N Jackson Drive
$ 900,000
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39151 N Jackson Drive

Spring Grove, IL, 60081
$ 900,000
Baths0.0 Sq 2,500

Monthly Estimate*

$ 5,982

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Studio

Commercial Property for sale in Spring Grove, IL

for $900,000. This 2,500 square foot building was built in 1940 on a lot size of 0.753237.

Chain O' Lakes WATERFRONT Income Property! This fantastic opportunity to jump right in to a cash flow positive opportunity with 8 rental units that are currently used a short term rentals and are rented year round and a nicely updated bar that is currently leased. Main building has been updated and is up to current code. New roof 2018. NEW FLOOR with CONCRETE and STEEL BEAMS, NEW WALLS inside per commercial and residential code. Electric, alarm, parking lot, sea wall remodeled. Recent New Well Installed 5/2021. Rental units were also updated in late 2021 into early 2022. 168' frontage of chain access, permit approved site for 18 boat slips and additional income. Perfect retreat for boaters and winter sports. Opportunity to continue with bar/tavern business & rental income. Large deck overlooking backyard & lake!! Contact List or Co-List Agent Dan Gleason at 8155294762 with questions and to schedule tour.

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Commercial Contingent

Price

$ 900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 14,142

Style

Commercial

Lot Size

0.753237

Year Built

1940

Town/City

Spring Grove

County/Region

McHenry

MLS | Web ID

11817913

Features
General
Cooling Central Air Window Unit(s)
Utilities Other
Possession Closing Negotiable
Roof Composition
Zoning COMMR
Construction Materials Wood Frame Other
Year Built 1940
Electric Other
Tenant Pays Other
Stories 2
Property SubType Apts/Stores
Tax Year 2022
Current Use Commercial
Gross Income 86395
County Lake
Operating Expense 21790
Insurance Expense 7648
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Possible Use Commercial Single Family Retail Other
Status Contingent
Directions State Park & Grass Lake East to Lake Shore Drive to Jackson Drive to the resort.
City Spring Grove
NumberOfUnitsTotal 8
MLS Area Spring Grove
Lot Size Square Feet 32811
Street Name Jackson
Tax Annual Amount 14142
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 279
Standard Status Active Under Contract
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Exterior
Building Area Total 2500
Lot Dimensions 175X214.5X209X259
Frontage Type Public Road
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Interior
Street Suffix Drive
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* Excluded Features
List By
Keller Williams Success Realty

Broker

Bremerteam18@gmail.com

Email

Affordability Calculator

$7,160
Per Month
84%
16%
0%
Monthly Principal & Interest
$5,982
Monthly Property Taxes
$1,179
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/27/2023$900,000 Listed Price

Map


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39151 N Jackson Drive, Spring Grove, IL, 60081 is a Commercial Property for sale at $900,000 with 2,500 sqft and a lot size of 0.753237. 39151 N Jackson Drive is a studio with 0.0 baths and was built in 1940. The property's zip code is 60081 which is in Spring Grove, IL