FOR SALE
FREESTANDING BUILDING ON 7.5 ACRES
2000 S. Eastwood Dr., Woodstock 
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FOR SALE
IDEAL FOR LARGE RETAILER
2050 S. Eastwood Ave., Woodstock
44,000 SF commercial buliding with 5,160 SF cold storage building. Ideal for car dealership or large retailer. $20,000 bonus to broker for accepted contract before 6/1/15. $2,800,000.
Email Joe Billitteri
Email Mike Williamson
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FOR SALE
UNIQUE HISTORIC RETAIL BUILDING
312 N. River St.,
East Dundee
1,640 SF beautifully renovated 1871 building in East Dundee. Can have office, retail or commercial uses! $249,000.
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FOR SALE
AUTOMOTIVE REPAIR BUSINESS
164 Dundee Ave.,
East Dundee
Fully operating 7-bay auto repair business with real estate. 5,000 SF building. $75,000 for business; $650,000 for real estate.
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FOR SALE
INDUSTRIAL BUILDING
1061 Wanda Ln.,
Woodstock
3,218 SF freestanding engineered steel industrial building. Ideal for small trades or light manufacturing. $219,000.
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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
The industrial market has had a drop in the vacancy rate from 12.2% in 2010 to 7.7% in the last quarter of 2014 (see article below). As a result, the supply has dropped to the lowest level in 13 years. What does this mean to purchasers and tenants? It means that prices will be escalating, as new construction starts are limited and won't be able to meet the demand. If you are thinking of expanding, or are interested in purchasing rather than leasing, now is the time while interest rates are still low. SBA loans are available with as little as 10% down. Call one of our professional brokers, who will locate the perfect property for your needs, and guide you through the process.
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SOLD
1090 McConnell Rd., Woodstock
3,250 SF commercial/ office building.
Sold for $225,000 by
Mike Williamson
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LEASED
9225 Trinity, Units E&F Lake in the Hills
4,000 SF retail/service unit.
Leased by Bruce Kaplan and Mike Williamson
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LEASED
1227 Rt. 83, Unit E, Grayslake
1,119 SF office/retail unit leased as dental office.
Leased by Joe Heffernan
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SOLD
2400 Big Timber,
Unit 200, Elgin
6,766 SF office condo.
Sold for $150,000 by Bruce Kaplan and Mike Williamson
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LEASED
716 Tek, Units C & D, Crystal Lake
Two 1,800 SF industrial condos.
Leased by Heather Schweitzer and Mike Williamson
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'GOOD OLD DAYS' RETURN FOR INDUSTRIAL LANDLORDS
by Ryan Ori, Chicago Real Estate Daily
New quarter, new low for the Chicago area's warehouse vacancy rate.
So it goes for local industrial landlords, who ended 2014 with the smallest percentage of vacant space in 13 years, continuing a long run of leasing success, according to Seattle-based Colliers International.
Bolstered by an improving economy and demand that built up for years amid light construction during the recession, vacancy in the Chicago area fell to 7.7 percent during the fourth quarter, Colliers said.
That's down from 8 percent in the third quarter and 8.7 percent a year earlier.
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SUBURBAN APARTMENT MARKET 'CRUISING ALONG'
by Alby Gallun, Chicago Real Estate Daily
Suburban apartment dwellers didn't get any relief in 2014, and they shouldn't expect much this year, either.
The median net rent in the Chicago suburbs rose to $1.29 a square foot in the fourth quarter, another record, up 4.7 percent from a year earlier, according to a report from appraisal Research Counselors, a Chicago-based consulting firm. The occupancy rate was 95.3 percent, versus 95.1 percent a year earlier.
Suburban rents have increased five years in a row - they rose 21 percent over that period - as more people have held off on buying a home, either because they can't get a mortgage or are wary of owning after the housing crash. More recently, the improving job market has boosted demand for all housing, and apartment landlords are getting their share.
Continue reading
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THREE TYPES OF SQUARE FOOTAGE IN COMMERCIAL REAL ESTATE
by Grayson Powell, Coldwell-Banker Commercial
One would think that a square foot is an exact thing without ambiguity - but then what would the world of commercial real estate be like without some ambiguity to keep things interesting? Depending on how you look at it (or who's doing the talking), a square foot can actually come in different varieties, and it's important to understand them because they also represent different values when calculating per square foot costs in leasing and purchasing deals.
Three Types of Square Footage
In most cases, square footage references fall into one of three categories:
1. Usable square feet (USF) - From the inside of your walls to the inside of your other walls, usable square footage is basically the space that your business operates in. This typically does not include common areas in the building, like lobbies, stairs and hallways.
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