1703 IL ROUTE 176 Crystal Lake, IL 60014
COMMERCIAL - Crystal Lake, IL
Property Features for 1703 IL ROUTE 176
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active Under Contract
- APN
- 1519330001
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 6467
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1995
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Carpet, Concrete
- Building materials
- Block
Listing agent Sean Ryan License #471000955 (847) 526-0300
Listing office Ryan and Company REALTORS, Inc 206 S. Main Street, Wauconda, IL (847) 526-0300
Listing date Apr 16, 2024
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located on IL Route 176 in Crystal Lake, IL, on a busy traffic corridor. Public remarks also note multiple parcel PINs (15-19-330-001 through 15-19-330-019, plus 15-19-332-003) tied to differing zoning classifications, including B-1 and R-1.
Zoning and parcel details should be confirmed for final use, but the existing drive-through fit and straightforward site access make this property a practical option for restaurant operators seeking a Route 176 location in Crystal Lake.
Key Highlights
- 1260 SF building on a full‑access corner lot on busy Route 176
- Zoned B‑1 and R‑1 across multiple parcels: 15‑19‑330‑001 and 15‑19‑330‑019 (plus 15‑19‑332‑003)
- Good fit for a drive‑thru restaurant based on the stated zoning and layout intent
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.2k | $16.80 |
| − Vacancy | −$1.4k | −$1.14 |
| EGI | $19.7k | $15.66 |
| − OpEx | −$4.9k | −$3.91 |
| NOI | $14.8k | $11.74 |
