 INVESTMENT - SAVE $100,000!!
McHenry -3- Unit mixed use property with 1 apartment and 2 stores. Selling for $100k less then cost. See it now! $185,000. Click photo for specs
|
 RT. 14 RETAIL/SHOWROOM/WAREHOUSE
Fox River Grove - 7,170 SF masonry commercial building with private parking lot. Excellent signage on Rt. 14 with 34,000 + cars per day. $499,000. Click photo for specs
|
 WELL PRICED INDUSTRIAL CONDOS
Lake in the Hills - We have a nice selection of industrial condos from 1,900 SF and up priced as low as $112,218 ($59 psf) or $5.75 PSF (lease). Call for details on these brand new listings.
Click photo for specs
|
 INDUSTRIAL NEAR RAKOWCrystal Lake - 22,771 SF on 1.2 acres with heavy office, 14-16' ceilings, 2 docks, 1 DID and 800 amps. Fully air conditioned! Sale price $999,000; lease price $6.50 PSF gross.
Click photo for specs
|
 TRANSACTION OF THE MONTH
Lake in the Hills- 3,125 SF steel industrial space leased for 2 years for $4.95 PSF modified gross. |
|
COMMERCIAL REAL ESTATE OUTLOOK FROM NAR AUGUST 2011
Slowdown Impacts Commercial Real Estate Markets, Modest Improvement Seen
Washington, DC, August 25, 2011
Commercial real estate vacancy rates are flat and projections for growth have been moderated because economic growth and job creation have been weaker than expected, but modest improvements are expected over the coming year, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said the weakening economy will slow the growth in demand for space. "Disappointing economic growth in recent months means a slower recovery for most of the commercial real estate sectors, although multifamily housing continues to benefit from pent-up demand resulting from an abnormal slowdown in household formation in recent years," he said. "Many young people, who normally would have struck out on their own from 2008 to 2010, had been doubling up with roommates or moving back into their parents' homes. However, they've been entering the rental market as new households in stronger numbers this year. As a result, apartment vacancy rates are declining and rents are rising at faster rates."
Continue Reading
|
HOW DO YOU OVERCOME YOUR FEAR OF BUYING A BUSINESS?
GlobalBX Newsletter August 24,2011
If you want to own your own business, it is easier to buy an existing business than it is to start you own business from scratch. An established business allows you to skip past the startup phase entirely, which is where 50 percent of all new businesses fail. If you buy a business then you can concentrate your efforts on making the business larger and more profitable.
Buying a business does not have to be a challenge. You want to avoid overpaying for the business or buying a lemon. The easiest way to avoid this is to follow these three steps in buying your own business.
STEP 1: Due Diligence
The first step is due diligence where you determine whether or not this company is one you want to buy and at what price you are willing to pay for it. Find out why the seller is selling the business. This may involve talking to the employees, suppliers, and customers. Once you are satisfied that the reason is not to flee from something negative that you will be inheriting, you can do further due diligence.
Continue Reading
|
|
REASONS WHY YOU SHOULD PREPARE A LETTER OF INTENT
By: Bruce Kaplan
In the world of commercial real estate brokerage, it is common practice to initiate a transaction with a "letter of intent" (LOI) as opposed to starting off a deal with a contract document.
The practical reason for using this precursor to a contract is more common sense than anything else. Because of the complicated issues in drafting a commercial contract, brokers are not equipped in many situations to construct such a contract.
To do so could be construed as "the unauthorized practice of law" and jeopardize the broker's license. Aside from that, paying legal fees to have an attorney draft a contract could be a waste of money before creating a meeting of the minds on the basic business terms.
Continue Reading
|
|
HUGE PUBLIC OUTCRY OVER TSA FORCING 95-YEAR-OLD CANCER PATIENT TO REMOVE ADULT DIAPER
by Mike Adams, the Health Ranger, NaturalNews Editor
(NaturalNews) The TSA has once again shown itself to be an agency utterly lacking in respect for human dignity by forcing a 95-year-old cancer patient to remove her adult diaper during the screening procedure. Jean Weber, a leukemia patient, underwent the humiliating procedure at the Destin-Fort Walton Beach Airport where TSA agents, as usual, claim to be "protecting the public from terrorism." (You have to question the intelligence, obviously, of any federal employee who believes that terrorists are hiding weapons inside the diaper of a 95-year-old cancer patient. More on that below...)
Outrage over the "adult diaper pat-down" has rapidly spread across the internet as more and more people are waking up and realizing the TSA has no concept of human dignity and can justify anything -- yes, anything -- as part of the "war on terror." The TSA even justified this adult diaper pat-down, claiming what they did was conducted in a "respectful and sensitive manner."
Continue Reading |
|
|
| |
Premier Power Team
9225 S. IL Route 31
Lake in the Hills, IL 60156
847-854-2300 |
Elgin had made it on our list of business unfriendly towns. Marc Mylott, Director of Community Development found a way to make a sensible deal crash and burn when they denied a swimminng pool contractor the right to purchase and occupy a metal building on 6 acres out in the country when their zoning code specifically lists "contractors office and equipment areas" as a permitted use. His narrow interpretation of the definition of contractors office caused a $300,000 deal to vanish in thin air. No attempt was made to try to find a solution which is where I have my real problem. Elgin, the "City in the Suburbs" is Chasing Business away. That should be their slogan. Shame on Elgin!
Joe Billitteri and Linda Kost will be attending the Oct ICSC convention in Chicago. This local annual meeting hosts retailers of all varieties developers, shopping center owners and brokers. They will be promoting our retail listings trying to match retailers looking for locations with our retail offerings.
We have been seeing some deals go under contract or letter of intent in the last 30 days. This is an encouraging turn of events. That means there's hope for yours.
|
|
