10991 Ruth RdHuntley, IL 60142

For Sale
$1,850,000

20,000 SF Flex/Warehouse, 8.17% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 20,000-square-foot multi-tenant industrial building situated on a 67,670-square-foot lot at 10991 Ruth Rd, Huntley, IL 60142. The property, built in 1999, consists of a single, one-story building currently divided into two occupied units totaling 20,000 net rentable square feet. One unit encompasses 5,000 square feet, while the other comprises 15,000 square feet. Current tenants, a dance studio and a gymnastics facility, respectively, maintain 100% occupancy, generating a substantial net operating income (NOI) of $151,057, resulting in an attractive 8.17% capitalization rate. The asking price is $1,850,000, translating to $86.25 per square foot. The property boasts high ceilings, ample parking, and convenient access to Interstate 90, making it an ideal investment for those seeking reliable returns and potential for future growth. This is a net lease property.

Highlights

  • $1,850,000 asking price for a 20,000 square foot industrial property.
  • Located at 10991 Ruth Rd, Huntley, IL 60142.
  • Features two tenant spaces totaling 20,000 square feet of net rentable area.
  • Currently 100% occupied, generating a Net Operating Income (NOI) of $151,057 and an 8.17% cap rate.
  • Built in 1999, this single-story building sits on a 67,670 square foot lot.

Property Details for 10991 Ruth Rd

Property type
Other warehouses, Other industrial properties
Square Feet
20,000 SF
Year Built
1999
Buildings
1
Stories
1
Units
2

Location Insight

City
Huntley
County
McHenry
State
Illinois
Latitude
42.169419623792
Longitude
-88.412676216216
10991 Ruth Rd, Huntley, Illinois

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10991 Ruth Rd
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