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Office Building For Sale

20 Grant Street Crystal Lake, IL 60014

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Office building totaling 6,501 sq ft offered for sale.

Type:Office
Property size:
6,501 SF
Price / SF:
$169/SF
Added:
Jul 6, 2026
Days on Market:
6
Last Refresh:
Jul 9 at 2:17 am

Property Features for 20 Grant Street

General Information

Standard status
Active
Size
6,501 SF
Property subtype
Office

Building Details

Year Built
1964

Listing office Blue Chip Commercial Real Estate LLC

Listing date Jul 6, 2026

Source Crexi

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


Investment Insights

Based on property information with market context.

This office building is offered for sale at 20 Grant Street and totals 6,501 sq ft.

The property is presented as an office asset, with the available information identifying it as a single building configuration suitable for office use.

Additional details on layout, condition, and improvements are not provided in the available materials.

Key Highlights

  • Office building totaling 6,501 sq ft
  • Built in 1964

Local Financial Insights For Office B

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 $159.1k $24.48
− Vacancy −$39.6k −$6.10
EGI $119.5k $18.38
− OpEx −$29.9k −$4.60
NOI $89.6k $13.79
6,501 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.28M
$1.12M – $1.49M (±1% cap)
NOI $89,638 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M (±1% cap)
NOI $157,115 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Law Firm Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Electrical Service Parking Lot & Garage Gym & Fitness Center Daycare Center Bakery

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

FAQs

What type of property is this?
Office building - Office building totaling 6,501 sq ft offered for sale.
Where is this office building located?
The property is located at 20 Grant Street Crystal Lake, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Office building totaling 6,501 sq ft; Built in 1964
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