Located at: 3090 N. Lake Terrace • Glenview, IL 60026-1336

Contact: Managing Agent (847) 729-9000 or (224) 766-9002

e-mail: GlenviewStorage@aol.com

$599,000 Entire Purchase

Qualifies for the CDC/504 SBA Loan Program

A loan secured from a private sector lender with a senior lien covering up to 50 percent of the project cost

A loan secured from a CDC (backed by a 100 percent SBA-guaranteed debenture) with a junior lien covering up to 40 percent of the project cost

A contribution from the borrower of at least 10 percent of the project cost (equity)

This type of setup means that 100% of the project cost is covered either by contribution of equity by the borrower, or the senior or junior lien.

CDC/504 Loan Program

What is the CDC/504 Program?

The CDC/504 loan program is a long-term financing tool,

designed to encourage economic development within a community.

The 504 Program accomplishes this by providing small businesses with long-term,

fixed-rate financing to acquire major fixed assets for expansion or modernization.

A Certified Development Company (CDC) is a private,

nonprofit corporation which is set up to contribute to economic development within its community.

CDCs work with SBA and private sector lenders to provide financing to small businesses,

which accomplishes the goal of community economic development.

How 504 Loan Funds May Be Used

Proceeds from 504 loans must be used for fixed asset projects, such as:

- The purchase of land, including existing buildings

23,375 sq. ft. CONTRACTOR'S YARD 85'x 275'

2,000 sq. ft. Office Building

Lease - Partial Purchase or Full Sale

Lease/Purchase Options are not found, they are created between Buyer and Seller.

$599,000 - Entire purchase

or

You can also buy into the property as a co-owner

For as little as $5,900 you could own 10%

Control your own destiny of where you park

Current tenants and income!

Percentage share purchase of property

WHY RENT WHEN YOU CAN OWN?

Ideal property for:

Contractors / Construction Companies

Landscape / Arbor / Green / Industry

Professional or Service Companies

Manufacturers / Builders / Architects

Investor / User / Rent to Own

Comments

Private Cul-de-sac road

Graveled outdoor storage

Property taxes are low

Municipal water and sewers

Conveniently Located

No Assessment fees

Current Office and Outdoor tenants

Features and Facts

Solid Brick and frame building

2,000 sq. ft. Office Building

Zoned Light Industrial I-2

Entire Lot 85’ x 275’

23,275 sf. ft. 1/2 Acre

Executive office w/ private washroom

(3) Inter-connected offices

Frontage to Northlake Terrace

No association or assessment fees

New flooring and carpeting

New washrooms (2)

Freshly painted throughout

Aluminum gutters & fascia

Paved front parking

Forced air heating and A/C

Pella casement windows

Recessed florescent lighting

New 100 Amp service panel

Passes Village Codes and inspections

Great location in the heart of Glenview

New Development being built adjacent to area

Here is a small sample of Buyer Benefits:

1) Investment Equity Growth

2) Stability for the future of your business

3) Located in one of the fastest growing areas

4) Current Income from office and outdoor tenants

Do you need outdoor parking?

Are you looking for an investment vehicle?

Would you like to build your own warehouse?

Are property prices preventing you from buying?

Are zoning ordinances mandatory to your business?

Do you operate a service or contracting business?

Does the property have to be conveniently located?

Do you want permanency for your business location?

Are you leasing space with no return on your rent money?

Would you like to buy property to run your business from?

Did you answer 'YES' to any of the above questions?

Then make this Your diamond in the rough!

Property Access

Neighboring 'The Glen'

Easy access to 294, Edens, Palatine Road and Route 53

20 minutes north of O'Hare and 10 minutes to Executive Airport

Metra and Pace nearby

From the south: Greenwood north to West Lake Avenue, east to Northlake Terrace to address.

From the north: Pfingsten south to West Lake Avenue, east past Greenwood two blocks to address.

From the east or west: Lake Avenue to Greenwood north to W. Lake Avenue, east to N. Lake Terrace to address.

All information is subject to verification and no liability for errors or omissions are assumed.

-- New Listing

Full Purchase or Partial Purchase

Lease/Purchase-Option possibilities

Owner Lease back possibilities

Broker Paid Commission

$599,000 - Entire purchase

or

Percentage share purchase of property

You can become a partner in this rare I-2 Glenview property for your business

Qualifies for the:

CDC/504 SBA Loan Program