2302 Spring Ridge DrSpring Grove, IL 60081

  • Industrial properties
  • 1.84 AC
For Sale
$2,395,000 View listing

Property Details for 2302 Spring Ridge Dr

Year built
1998
Lot size
1.84 AC
Property type
Industrial properties
APN
04-25-400-027
APU
425400027

Description

This exceptional industrial property, located at 2302 Spring Ridge Drive in Spring Grove, Illinois, offers 28,550 square feet of versatile manufacturing and warehouse space. Situated on a 1.84-acre lot, this single-tenant building boasts a range of desirable features. Built in 1994, the property features ceiling heights ranging from 16 to 20 feet, providing ample vertical space for various operational needs. The property includes two loading docks and two drive-in doors, ensuring efficient loading and unloading of goods. Power is substantial, with 1,200 amps available at 208/480 volts, three-phase. The property is zoned I (Industrial) and is located in McHenry County (zip code 60081). Benefit from low McHenry County taxes. The property also features a recently refurbished parking lot, offering potential for outside storage. This well-maintained facility presents a significant opportunity for businesses seeking a functional and strategically located industrial space. The property's size, features, and location make it an ideal choice for a variety of manufacturing and warehousing operations.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $16,564,913
    Hospitality
    $15,173,371
    Educational
    $12,624,066
    Medical
    $13,058,227
    Retail
    $19,637,436

Location Insight

City
Spring Grove
County
Mchenry
State
Illinois
Latitude
42.4348
Longitude
-88.2413
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$29,595
$44,245
$281,591
$325,836
-
$132,735
$844,773
$977,508

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