Detached Warehouse with Overhead
For Sale
Contact for pricing
317 Dearborn Ct, Crystal Lake, IL 60014
Commercially zoned warehouse building with storage use and flexible mixed-use potential.
Property Size2,000 SF
Price / SF$100
Days on Market133
Property Features for 317 Dearborn Ct
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Land, Mixed Use
Zoning
commercial
Building Details
Year Built
1950
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Aquino Realty Homes
Listed By:
Guadalupe D. Aquino · License #471021080
Source:
Crexi
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 31 at 1:17AM
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 Aquino Realty Homes
Investment Insights
Based on property information with market context.
This 2,000-square-foot detached warehouse was built in 1950 and is currently leased month to month for storage, with electrical service included in the existing arrangement. The building has two overhead garage doors; however, only the front door is presently used because the second door opens onto an adjoining lot. The property has also accommodated U-Haul and mechanical operations under prior tenants.
Commercial zoning permits mixed-use occupancy. The property is located at 317 Dearborn Ct in Crystal Lake, Illinois. Showings require a minimum of one day’s notice.
Commercial zoning permits mixed-use occupancy. The property is located at 317 Dearborn Ct in Crystal Lake, Illinois. Showings require a minimum of one day’s notice.
Key Highlights
- 2,000‑square‑foot detached warehouse building
- Commercial zoning permits mixed‑use occupancy
- Currently leased month to month for storage with electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,454
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$209,080
$209.1K
Cap Rate 7%
$149,343
$149.3K
Cap Rate 9%
$116,156
$116.2K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$13.0K $6.48/SF
− Vacancy
−$661 −$0.33/SF
EGI
$12.3K $6.15/SF
− OpEx
−$1.8K −$0.92/SF
NOI
$10.5K $5.23/SF
Area
McHenry County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$209,080
Cap Rate 7%
$149,343
Cap Rate 9%
$116,156
Alternative Uses
Best Use
Warehouse
$149.3K
$130.7K – $174.2K
NOI $10,454 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,336 @ 7.0% cap · market cap 24.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- West Dock — Commercial Rd, Crystal Lake, IL 60014
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- Lou Street Lockup — 6205 Lou St, Crystal Lake, IL 60014
- Crystal Lake Self Storage — 647 Teckler Blvd, Crystal Lake, IL 60014
Frequently Asked Questions
What type of property is this?
Warehouse - Commercially zoned warehouse building with storage use and flexible mixed-use potential.
Where is this warehouse located?
The property is located at 317 Dearborn Ct Crystal Lake, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2,000‑square‑foot detached warehouse building; Commercial zoning permits mixed‑use occupancy; Currently leased month to month for storage with electrical service
