Two-Building Storefront
For Sale
Contact for pricing
131 N Main St, Crystal Lake, IL 60014
Downtown Crystal Lake offering with two single-tenant structures across separately assessed parcels.
Property Size8,394 SF
Lot Size0.25 Acres
Price / SF$117.94
Days on Market465
Property Features for 131 N Main St
General Information
Standard status
Active
Size
8,394 SF
Lot size
0.25 Acres
Property subtype
RETAIL
Building Details
Buildings
2
Listing Agency:
Blue Chip Commercial
(815) 355-0196
Listed By:
Tim Billimack · License #471000637
(815) 335-0196
Source:
Moodyscre
Added: Jul 10, 2025
Changed: Oct 13
Last Checked: Oct 16 at 8:57AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property comprises two neighboring single-tenant buildings with a combined 8,394 square feet of building area. The improvements sit on approximately 0.25 acres and are configured across two separate parcels, each carrying its own tax bill.
The property is located at 131 N Main St in downtown Crystal Lake, Illinois. Its two-building layout and separate parcel structure provide a straightforward framework for evaluating the asset as a commercial property.
The property is located at 131 N Main St in downtown Crystal Lake, Illinois. Its two-building layout and separate parcel structure provide a straightforward framework for evaluating the asset as a commercial property.
Key Highlights
- Two adjacent single‑tenant buildings
- 8,394 SF of combined building area
- 0.25‑acre property in downtown Crystal Lake
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,998
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,960
$1.6M
Cap Rate 7%
$1,157,114
$1.2M
Cap Rate 9%
$899,978
$900.0K
Market Conditions
NOI Build-Up for 8,394 SF
Gross rent
$125.9K $15.00/SF
− Vacancy
−$10.2K −$1.22/SF
EGI
$115.7K $13.79/SF
− OpEx
−$34.7K −$4.14/SF
NOI
$81.0K $9.65/SF
Area
McHenry County, IL
Vacancy
8.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,960
Cap Rate 7%
$1,157,114
Cap Rate 9%
$899,978
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $80,998 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,865 @ 7.0% cap · market cap 20.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
453k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 28%
Apparel 26%
Groceries 25%
Electronics 9%
Jewel-Osco
Groceries
56,908 visits/mo
0.1 miles
T.J. Maxx
Apparel
49,316 visits/mo
0.4 miles
Burlington
Apparel
44,868 visits/mo
0.4 miles
Mariano's
Groceries
40,088 visits/mo
0.4 miles
Best Buy
Electronics
39,522 visits/mo
0.2 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- AA CRYSTAL LAKE FLORIST — 303 s virginia rd, crystal lake, il 60014
- Northwest Florist — 4 Crystal Lake Plaza, Crystal Lake, IL 60014
- Sam's Club Floral — 5670 Northwest Hwy, Crystal Lake, IL 60014
- Crystal Lake Blooms — 284 Memorial Ct, Crystal Lake, IL 60014
- Mayfield Flowers — 171 S Main St Unit B, Crystal Lake, IL 60014
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown Crystal Lake offering with two single-tenant structures across separately assessed parcels.
Where is this storefront property located?
The property is located at 131 N Main St Crystal Lake, IL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two adjacent single‑tenant buildings; 8,394 SF of combined building area; 0.25‑acre property in downtown Crystal Lake
