Two-Level Office
For Sale
Contact for pricing
15 West Crystal Lake Avenue, Crystal Lake, IL 60014
Office property with an occupied salon on the first floor and four private offices upstairs.
Property Size1,776 SF
Price / SF$239.30
Days on Market55
Property Features for 15 West Crystal Lake Avenue
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Office
Zoning
O-Office
Investment Type
Owner/User
Building Details
Year Built
1922
Buildings
1
Stories
2
Units
5
Listing Agency:
Blue Chip Commercial Real Estate LLC
Listed By:
Tim Billimack · License #IL 471000637
(815) 355-0196
Source:
Crexi
Added: Aug 25
Changed: Oct 5
Last Checked: Oct 16 at 8:35AM
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 Real Estate LLC
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Investment Insights
Based on property information with market context.
This office building dates to 1922 and is arranged across two floors. The first floor is currently leased to a salon, while the second floor contains four private offices. The property carries O-Office zoning and is located at 15 West Crystal Lake Avenue in Crystal Lake, Illinois.
Key Highlights
- First floor currently leased to a salon
- Four private offices on the second floor
- O‑Office zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,488
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,760
$489.8K
Cap Rate 7%
$349,829
$349.8K
Cap Rate 9%
$272,089
$272.1K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$43.5K $24.48/SF
− Vacancy
−$10.8K −$6.10/SF
EGI
$32.7K $18.38/SF
− OpEx
−$8.2K −$4.60/SF
NOI
$24.5K $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%
$489,760
Cap Rate 7%
$349,829
Cap Rate 9%
$272,089
Alternative Uses
Best Use
Office B
$349.8K
$306.1K – $408.1K
NOI $24,488 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$613.2K
$536.5K – $715.4K
NOI $42,922 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office property with an occupied salon on the first floor and four private offices upstairs.
Where is this office building located?
The property is located at 15 West Crystal Lake Avenue Crystal Lake, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: First floor currently leased to a salon; Four private offices on the second floor; O‑Office zoning
