Medical Office
New
For Sale
$1,249,000
10 N Virginia St, Crystal Lake, IL 60014
The property dates to 1970 and is located in Crystal Lake, Illinois.
Property Size3,539 SF
Days on Market2
Property Features for 10 N Virginia St
General Information
Standard status
Active
Size
3,539 SF
Property subtype
Office
Building Details
Building Size
3,539 SF
Year Built
1970
Listing Agency:
Premier Commercial Realty
Listed By:
Brian Cowell · License #IL #475.189884
(815) 529-7890
Source:
Premiercommercialrealty
Added: Oct 11
Last Checked: Oct 12 at 5:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial Realty
Investment Insights
Based on property information with market context.
This medical office property was built in 1970. It is located at 10 N Virginia St in Crystal Lake, Illinois.
Key Highlights
- Medical office property at 10 N Virginia St in Crystal Lake, IL
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,797
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,940
$975.9K
Cap Rate 7%
$697,100
$697.1K
Cap Rate 9%
$542,189
$542.2K
Market Conditions
NOI Build-Up for 3,539 SF
Gross rent
$86.6K $24.48/SF
− Vacancy
−$21.6K −$6.10/SF
EGI
$65.1K $18.38/SF
− OpEx
−$16.3K −$4.60/SF
NOI
$48.8K $13.79/SF
Area
McHenry County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,940
Cap Rate 7%
$697,100
Cap Rate 9%
$542,189
Alternative Uses
Best Use
Office B
$697.1K
$610.0K – $813.3K
NOI $48,797 @ 7.0% cap · market cap 3.91%
Second Best
Healthcare Medical
$684.2K
$598.6K – $798.2K
NOI $47,891 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,530 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60014, IL
48,275
Population
18,135
Households
2.7
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
25.1 sq mi
ZIP Area
1,923
Density / Sq Mi
$104,657
Median Household Income
$50,805
Median Earnings
$1,429
Median Rent
$296,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Banfield Pet Hospital — 6340 Northwest Hwy, Crystal Lake, IL 60014
- Fox Valley Animal Hospital — 6115 Northwest Hwy, Crystal Lake, IL 60014
- Dr. Jeffrey Chemelewski DVM — 6115 Northwest Hwy, Crystal Lake, IL 60014
- Dr. Christine Sherden DVM — 6115 Northwest Hwy, Crystal Lake, IL 60014
- Dr. Leah Litchfield DVM — 6115 Northwest Hwy, Crystal Lake, IL 60014
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property dates to 1970 and is located in Crystal Lake, Illinois.
Where is this medical office space located?
The property is located at 10 N Virginia St Crystal Lake, IL.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Medical office property at 10 N Virginia St in Crystal Lake, IL; Built in 1970
