 Bank Owned Restaurant Woodstock - Fully operational 130 seat restaurant/bar with 200 seat private banquet room and 2 bedroom living quarters. 2.32 acre site on Rt. 14. Sensational value! New on market. Real estate and restaurant equipment $599,000.
Click photo for specs
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 Industrial BargainCrystal Lake - 13,709 SF steel freestanding building with 4,400 SF office on 1.44 acres. Designed as 4 unit building. 13-17' ceilings, 200 amps, 4 DID's. New on market. $799,000.
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 Industrial Condos
Woodstock - 1,800, 2,100 or 3,900 SF in newer steel multi-tenant building w/20-24' ceilings and 12x12 DID's. Units need baths and HVAC. Price: $55 psf (sale); $6 psf gross (lease).
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 Bank RepoElgin - 8,000 SF mixed use 2-story with 2 apartments & 6,000 SF ground level storefront. Full basement with western wear inventory included. Price just reduced to $350,000 (as is).
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 Transaction of The Month
710 Northwest Highway
Fox River Grove- 4,410 SF freestanding former Blockbuster. Leased to mattress company with option to buy.
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INDUSTRIAL SECTOR BOUNCING BACK
By: Bruce Kaplan
The umbrella catch phrase "commercial real estate" encompasses office, retail, multi-family and industrial product types. All have been hurting for the better part of three years even though the Federal government officially announced the end of the recession in June of 2009. One of the brightest of the commercial property types is the INDUSTRIAL sector which is showing signs of as resurgence. An April, 2011 article in Benuzzi's Industrial Guide by Elise Couston of Paine Wetzel reported comments from three Chicago based experts who sounded very upbeat based on what they see and experience. Sales and leasing activity is trending upward, vacancy rates are dropping, net absorption has turned positive...all indicative of DEMAND in the market. Investment sales in the first quarter of 2011 tripled compared to Q12010. Although we are slow to see these trends in McHenry County, we have noticed an increase in showing activity which is commonly a pre-cursor to increased sales and leasing activity.
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If You Think Your Tax Rate is Only 15%, Think Again!
Everyone breathed a sigh of relief when the tax cuts were extended at the end of last year for another two years. Although it is good for real estate investors that the maximum federal capital gains rate will remain at 15% for the next two years, savvy investors know that they really pay much more tax than that when they sell their properties. Even if your gain is not substantial due to a downturn in the market, it's important to know and calculate the different ways you may be taxed before deciding whether to cash out or defer your tax in a 1031 exchange.
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Chicago Retail Market View
CB Richard Ellis--First Quarter 2011
Sales at U.S. Retailers increased broadly at the end of first quarter, with consumers spending money at a wide variety of merchants despite high gasoline prices and unemployment. According to the U.S. Department of Commerce, March retail sales rose by 0.4 percent from February to $398.32 billion and increased 7.1 percent since March 2010.
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Premier Power Team
9225 S. IL Route 31
Lake in the Hills, IL 60156
847-854-2300 |
The Devil tells a Real Estate Agent, "Look, I can make you richer, more famous, and more successful than any Real Estate Agent alive. In fact, I can make you the greatest agent that ever lived." "Well," says the Real Estate Agent, "what do I have to do in return?" The Devil smiles, "Well, of course you have to give me your soul," he says, "but you also have to give me the souls of your children, the souls of your children's children and, as a matter of fact, you have to give me the souls of all your descendants throughout eternity." "Wait a minute," the Real Estate Agent says cautiously, "What's the catch?" A broker was dismayed when a brand new real estate office much like his own opened up next door and erected a huge sign which read 'BEST AGENTS.' He was horrified when another competitor opened up on his right, and announced its arrival with an even larger sign, reading 'LOWEST COMMISSIONS.' The broker panicked, until he got an idea. He put the biggest sign of all over his own real estate office. It read: 'MAIN ENTRANCE' Click here for more laughs
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The overall activity level has ticked up this month as the warm Spring weather and the confidence it instills causes people to come out of hibernation. Calls are up, showings are up, offers are up. Prices aren't yet up. But that will come. Once some of the inventory gets absorbed and supply and demand start to balance out, prices will start to come back.
If you haven't had the chance to check out our new Power Team website, please log onto www.profit-success.net to check it out. We've received quite a few rave reviews so tell us what you think! |
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