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FOR LEASE
PROFESSIONAL OFFICE SPACE
1,416 OR 5,465 SF
500 Coventry Ln.
Crystal Lake
Professional building. Attractive use of brick, wood and glass make for a pleasing environment. First two months rent are "on the house." Broker has interest. $10 psf net.
Click here for more info
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FOR SALE
OFFICE BUILDING
3,600 SF
15 S. Second St., Cary
Why buy a condo? Freestanding brick office building, remodeled and ready to accommodate your business. Multiple privates, kitchen, open areas, storage. Private parking lot. Reduced to only $299,000 ($81.68 psf).
Email Bruce Kaplan
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FOR SALE or LEASE
OFFICE BUILDING
64 E. Crystal Lake Ave.
Crystal Lake
Just listed! 2-story remodeled frame office building with private parking lot close to the commuter train. Sale $234,900 or lease for $14 psf mod gross.
Email Bruce Kaplan
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FOR SALE or LEASE
RESTAURANT BUILDING
1850 Army Trail Rd.
Hanover Park
Drive-thru restaurant (closed). Former Wendy's, now seeking new owner or tenant. 2,857 SF just west of Stratford Square mall. FF&E included. $790,000 (sale), $25 psf NNN (lease).
Email Dave Schmidt
Email Linda Kost
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FOR LEASE
RETAIL END CAP
95 E. Roosevelt Rd.
Lombard
2,000-5,000 SF end cap with possible drive-thru in renovated strip across from Jewel Amazing 60,000 cars per day. Phenomenal demographics. $20 psf NNN.
Email Dave Schmidt
Email Linda Kost
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Contact our Brokers for
more information:
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PCR IS ALWAYS LOOKING FOR GREAT AGENTS!
If you're interested in joining our long-established commercial real estate firm and working with other successful agents and an excellent support staff, we'd like to talk to you! We're known for our team spirit and camaraderie among our agents, and we're looking for motivated individuals who will fit into our team. Call Bruce Bossow at 847-854-2300, ext. 12, for a confidential chat.
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From Bruce Bossow's Desk -
Premier Website Revamped
|  Every modern business is expected to have a functional, user-friendly website these days. Ours had grown stale and reportedly not so easy to navigate. so we hired a marketing firm that also did website design work, and restructured our website at www.premier-comm.com (this is the same address, however!) Our staff of Jean, Erin and Debbie loaded in approximately 290 listings, which are now much easier to find than with the previous website. Leads are already starting to flow in from the "contact us" tab. We hope soon to have our "blog" tab up and running. I would appreciate it if you would log on to our website and kindly give us your opinions on how it is to navigate. If you find our website lacking in any type of information you would like to see, please let me know. |
815 Tek,
Crystal Lake 11,625 SF Office Joe Heffernan Linda Kost
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SOLD
21234 Commercial Dr., Mundelein
Sold for $650,000
Joe Heffernan
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Crystal Lake
Sold for $180,000
Heather Schweitzer Heide Casciaro
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RETAIL RECOVERY LOSING MOMENTUM EVEN BEFORE DOMINICK'S DEPARTURE
ChicagoRealEstateDaily.com
The local retail real estate market is showing signs of stalling, as landlords here start to grapple with the loss of the Dominick's grocery chain.
The retail vacancy rate ticked up to 8.9 percent in the third quarter, compared to 8.8 percent in the second quarter and 8.6 percent at the beginning of the year, according to a report by commercial real estate brokerage CBRE Inc.
It's the first time since 2009 that the rate has increased in consecutive quarters. The vacancy rate was 8.7 percent in third-quarter 2012.
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IS AN LLC THE RIGHT CHOICE FOR MY COMMERCIAL REAL ESTATE INVESTMENT?
Randolph Taylor, Coldwell Banker Commercial
Protecting personal assets is often a matter of great concern for new commercial real estate investors. When forming an entity, more real property investors are now using limited liability companies (LLCs) to protect their personal assets. The LLC is a newer form of business entity and it has benefits that corporations and partnerships lack.
Limited Liability
"One major advantage of an LLC over a partnership is that the liability of the members of an LLC can be limited to their financial investment," said Jack Rose, Chief Strategist at Breakwater Equity Partners. "So if the worst happens, the most the owners can lose are the assets being held by the LLC." In some partnerships, an owner's personal assets or properties might not be protected. When a lawsuit or a bankruptcy or foreclosure arises, the owner's personal property could be at risk.
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Q3 PRELIMINARY TRENDS
Reis Reports
On November 1st, ReisReports will publish new quarterly market reports for Q3 2013. Until then, here's a preliminary look at national trends across the Apartment, Office, and Retail sectors. (continued)
Apartment Sector Trends
Apartment sector vacancy declined by 10 basis points during the third quarter to 4.2%. The simple fact that vacancy continues to compress despite such low vacancy rates speaks volumes about the ongoing demand for apartments. (continued)
Office Sector Trends
Vacancies declined by 10 basis points during the third quarter to 16.9%. With the labor markets ongoing struggles to create office-using jobs, demand for space remains muted.
Retail Sector Trends
Vacancies for neighborhood and community shopping centers now stand at 10.5%, down 30 basis points year over year, and just a paltry 60 basis points below the peak vacancy rate of 11.1%. By any measure, this is a weak recovery. (continued)
Continue reading
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