Freestanding Brick Commercial
For Sale
Contact for pricing
10 Virginia Rd, Crystal Lake, IL
Freestanding brick commercial building with a five-year lease.
Property Size1,320 SF
Lot Size0.28 Acres
Price / SF$175
Days on Market1082
Property Features for 10 Virginia Rd
General Information
Standard status
Active
Size
1,320 SF
Lot size
0.28 Acres
Property subtype
OFFICE
Listing Agency:
Blue Chip Commercial
(815) 355-0196
Listed By:
Tim Billimack · License #471000637
(815) 335-0196
Source:
Moodyscre
Added: Oct 20, 2023
Changed: Oct 3
Last Checked: Oct 4 at 11:46AM
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 Blue Chip Commercial
Investment Insights
Based on property information with market context.
This is a freestanding, all-brick commercial building situated on Virginia Road. It is an investment offering with a five-year lease in place, with an option to terminate after three years. The property is located in a mixed-use neighborhood with national and reputable retailers and restaurants nearby. It includes private offices, a reception area, open workspace, and a kitchenette. There is a rear employee parking lot. The property size is 1,320 square feet.
Key Highlights
- Freestanding all brick commercial building.
- Investment offering with a 5‑year lease in place.
- Option to terminate lease after 3 years.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,201
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,020
$364.0K
Cap Rate 7%
$260,014
$260.0K
Cap Rate 9%
$202,233
$202.2K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$32.3K $24.48/SF
− Vacancy
−$8.0K −$6.10/SF
EGI
$24.3K $18.38/SF
− OpEx
−$6.1K −$4.60/SF
NOI
$18.2K $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%
$364,020
Cap Rate 7%
$260,014
Cap Rate 9%
$202,233
Alternative Uses
Best Use
Office B
$260.0K
$227.5K – $303.4K
NOI $18,201 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$455.7K
$398.8K – $531.7K
NOI $31,902 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding brick commercial building with a five-year lease.
Where is this office building located?
The property is located at 10 Virginia Rd Crystal Lake, IL.
What is the asking price?
The asking price for this property is $231,000.
What are key features of this property?
This property features: Freestanding all brick commercial building.; Investment offering with a 5‑year lease in place.; Option to terminate lease after 3 years.
