Office Building For
For Sale
Contact for pricing
20 Grant Street, Crystal Lake, IL 60014
Office building totaling 6,501 sq ft offered for sale.
Property Size6,501 SF
Price / SF$169.20
Days on Market92
Property Features for 20 Grant Street
General Information
Standard status
Active
Size
6,501 SF
Total Parking Spaces
35
Property subtype
Office
Zoning
B4 (City of Crystal Lake)
Building Details
Year Built
1964
Units
5
Tenancy
Multi
Listing Agency:
Blue Chip Commercial Real Estate LLC
Listed By:
Nicole Kirchberg · License #IL 475196798
(815) 307-2222
Source:
Crexi
Added: Jul 6
Changed: Sep 12
Last Checked: Oct 4 at 9:32AM
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,638
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,792,760
$1.8M
Cap Rate 7%
$1,280,543
$1.3M
Cap Rate 9%
$995,978
$996.0K
Market Conditions
NOI Build-Up for 6,501 SF
Gross rent
$159.1K $24.48/SF
− Vacancy
−$39.6K −$6.10/SF
EGI
$119.5K $18.38/SF
− OpEx
−$29.9K −$4.60/SF
NOI
$89.6K $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%
$1,792,760
Cap Rate 7%
$1,280,543
Cap Rate 9%
$995,978
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
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
NOI $157,115 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
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
