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    10 Virginia Rd Crystal Lake, IL

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    For Sale
    $231,000

    Freestanding brick commercial building with a five-year lease.

    Property size:
    1,320 SF
    Lot size:
    0.28 Acres

    Property Features for 10 Virginia Rd

    General Information

    Size
    1,320 SF
    Lot size
    0.28 Acres

    Source: Blue Chip Commercial Agent Tim Billimack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Brick Commercial Building

    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.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Gym & Fitness Wholesale Shop Accounting Firm Hotel & Motel Bar & Pub Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crystal Lake
    County
    McHenry
    State
    Illinois
    Longitude
    -88.314212
    Latitude
    42.2731962

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    FAQs

    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.
    (815) 355-0196
    Request Owner's contact information
    10 Virginia Rd Crystal Lake, IL
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    Crystal Lake, IL
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10 Virginia Rd Crystal Lake, IL
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