Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    145 S Virginia St Crystal Lake, IL 60014

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $500 /Mo

    Lower level office and storage units available for lease.

    Lot size:
    0.44 Acres

    Property Features for 145 S Virginia St

    General Information

    Standard status
    Active
    Lot size
    0.44 Acres

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Michael Deacon
    Michael Deacon
    Source: Exitrealty

    Listing Agency: Premier Commercial Realty Listing Agent: Michael Deacon

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

    Learn more

    Overview

    Crystal Lake Office/Storage Units

    Lower level office and storage units ranging from 502 to 758 square feet are available for lease. The units are offered at $500 per month, with a full-service gross lease that includes electricity. While the spaces are not air conditioned or heated, tenants are permitted to use small space heaters if needed. The property is located on Route 14, the main corridor of Crystal Lake, which experiences an average daily traffic volume of over 20,000 vehicles. Combining some units is possible, as indicated in the layout. A minimum lease term of one year is required.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Crystal Lake
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3202
    Latitude
    42.2284

    Nearby Similar for Lease

    • Contact for pricing
      56,628 SF

      Updated Office Suite in Crystal Lake

      Move-in ready office suite for professional, medical, or service businesses.
      850 S Mchenry Ave, Crystal Lake, IL 60014
      View Details
    • Contact for pricing

      Storefront on High Visibility Route

      1200 sq ft storefront on 6000 sq ft lot.
      430 W Virginia St, Crystal Lake, IL 60014
      View Details
    • Contact for pricing

      Crystal Lake Office Space Available

      1200 sq ft office space for lease.
      430 W Virginia St, Crystal Lake, IL 60014
      View Details
    • Contact for pricing
      39,640 SF

      Commercial Space on Route 14

      Highly visible commercial space ideal for offices or retail.
      181 N Virginia St, Crystal Lake, IL 60014
      View Details
    • New
      Contact for pricing

      Crystal Lake Retail Storefront For Rent

      2,649 SF retail space with high visibility and accessibility.
      450 Rte 31 Hwy, Crystal Lake, IL 60012
      View Details
    • Contact for pricing
      261,600 SF

      Retail Space Near Route 176

      Conveniently located retail space with high visibility and monument signage.
      4410 Il Rte 176 Hwy, Crystal Lake, IL 60014
      View Details
    • $18 SF/Yr

      Retail Spaces with Drive-Thru Potential

      Retail spaces available in busy Crystal Lake shopping center.
      1295 Randall Rd, Crystal Lake, IL 60014
      View Details
    • $995 /Mo

      Renovated Studio Space For Rent

      2400 SF renovated studio space ideal for dance, martial arts.
      25 S Virginia St, Crystal Lake, IL 60014
      View Details
    • $16 SF/Yr

      Medical/Professional Office Space Available

      1,610 SF office suite for medical or professional use.
      333 Commerce Dr, Crystal Lake, IL 60014
      View Details
    • $39 SF/Yr

      Professional Office Space Available

      Individual offices with shared amenities, utilities included, move-in ready.
      600 Dakota St, Crystal Lake, IL 60012
      View Details
    • $15 SF/Yr

      Medical Condo with Exam Rooms

      Single-story medical condo featuring multiple exam and office rooms.
      380 N Terra Cotta Rd, Crystal Lake, IL 60012
      View Details
    • $2,756 /Mo

      Office Suite in Crystal Lake

      Second-floor office suite available for lease in Crystal Lake.
      500 Coventry Ln, Crystal Lake, IL 60014
      View Details

    FAQs

    What type of property is this?
    Office units - Lower level office and storage units available for lease.
    Where is this office units located?
    The property is located at 145 S Virginia St Crystal Lake, IL.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: - Affordable Rent: **$500/month full-service gross, including electric.**; - High-Traffic Location: **Situated on Route 14, the main corridor of Crystal Lake, with over 20,000 vehicles per day.**; - Flexible Space: Units can be combined to create larger spaces.
    (815) 814-6500
    Request Owner's contact information
    145 S Virginia St Crystal Lake, IL 60014
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    145 S Virginia St
    Crystal Lake, IL 60014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    145 S Virginia St Crystal Lake, IL 60014
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Deacon
    Michael Deacon
    Real Estate License ID: 475113064
    (815) 814-6500 (630) 513-6150 (847) 854-2300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!