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    Renovated Fitness Studio Suite Title is generated by Realmo AI

    25 S Virginia Street #101-103, Crystal Lake, IL 60014

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    New
    For Lease
    $10 SF/Yr $2,000/Mo (calc)

    Move-in ready suite with private offices, soundproof ceiling, and accessible parking for training, classes, or instruction.

    Type:Commercial
    Property size:
    2,400 SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:40 am

    Property Features for 25 S Virginia Street #101-103

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    BRUCE KAPLAN
    BRUCE KAPLAN

    Listing agent BRUCE KAPLAN License #475075614

    Listing office PREMIER COMMERCIAL REALTY

    Listing date Jun 3, 2026

    Source Corcoran

    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 PREMIER COMMERCIAL REALTY

    HighLights

    • Unit 101‑103 offers 2,400 SF with 3 private offices, a large open area, and 1 bath
    • Completely renovated space with soundproof ceiling, new mechanicals, and 8'2" ceiling height
    • New ADA bath plus utility sink, storage closet, and potential for a second bath
    • On the walkout level of a 2‑level brick building; 3 electric meters with water and garbage included in rent
    • Over 20 parking spaces, including a handicap ramp, and a covered porch outside the unit
    • Building facelift includes new roof, brick staining, re‑done concrete and awning, rear deck work, and replaced exterior doors

    Overview

    Unit 101-103 offers a fully renovated interior with a large open area, three private offices, and one bath, plus a storage closet and utility sink. The space includes soundproof ceiling and new mechanicals, with ceiling height of 8'2". Exterior improvements include a new awning, updated deck at the rear, and replacement exterior doors, while the unit itself has new steel doors and a new ADA bath. A covered porch outside the unit adds convenience, and there is potential to add a second bath.

    Located on the walkout level of an attractive two-level brick building, the suite benefits from more than 20 parking spaces and a handicap ramp. The property has three electric meters, with water and garbage included in the rent. Pole signage is available for Route 14 exposure.

    This layout is well suited for fitness and instruction-oriented users such as dance studios, martial arts, or personal training operations. Year one promotional rent is offered at $10 psf gross, with subsequent years increasing by $1 psf per year. The combination of offices, open training area, and ADA-ready facilities supports both client sessions and day-to-day operations.
    Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Gym & Fitness Center Big Box & Wholesale Store Accounting Firm Hotel & Motel Bar & Pub Kitchen & Bath Showroom

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

    Similar Places Nearby

    • Mma & Fitness — S Virginia Rd, Crystal Lake, IL 60014
    • CrossFit North Wall — 93 berkshire dr unit a, crystal lake, il 60014
    • CrossFit 104 — 93 Berkshire Dr, Crystal Lake, IL 60014
    • Fitchick Bootcamp — 93 Berkshire Dr, Crystal Lake, IL 60014
    • RCfitness — 835 S Virginia Rd, Crystal Lake, IL 60014

    Location Insight

    • Map
    • Local Demand
    City
    Crystal Lake
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3202
    Latitude
    42.2284

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    FAQs

    What type of property is this?
    Fitness center & gym - Move-in ready suite with private offices, soundproof ceiling, and accessible parking for training, classes, or instruction.
    Where is this fitness center & gym located?
    The property is located at 25 S Virginia Street #101-103 Crystal Lake, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Unit 101‑103 offers 2,400 SF with 3 private offices, a large open area, and 1 bath; Completely renovated space with soundproof ceiling, new mechanicals, and 8'2" ceiling height; New ADA bath plus utility sink, storage closet, and potential for a second bath
    (847) 854-2300
    We can help!
    Listing Contact
    BRUCE KAPLAN
    BRUCE KAPLAN
    Real Estate License ID: 475075614
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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