For Sale
$625,000
545 Dakota St, Crystal Lake, IL 60012
Flex space
Property Size5,250 SF
Price / SF$119.05
Days on Market121
Property Features for 545 Dakota St
General Information
Standard status
Active
Size
5,250 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
3
Heavy Power
Yes
Sprinkler System
Yes
Amenities
customer waiting area with 2 baths
private office
kitchen
special exhaust system
air lines
sky lights
epoxy floor
Building Details
Building Size
5,250 SF
Year Built
2003
Construction
masonry
Listing Agency:
Premier Commercial Realty
Listed By:
Bruce Kaplan · License #475075614
(847) 507-1759
Source:
Premiercommercialrealty
Added: Jun 22
Changed: Oct 16
Last Checked: Oct 19 at 4:08AM
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
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Investment Insights
Based on property information with market context.
Key Highlights
- Masonry industrial condo built in 2003 with 5,250 SF shop space
- 20 ft ceilings with skylights and epoxy floor in the shop
- Triple basin drains, special exhaust system, and air lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,345
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,900
$626.9K
Cap Rate 7%
$447,786
$447.8K
Cap Rate 9%
$348,278
$348.3K
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$51.0K $9.72/SF
− Vacancy
−$2.8K −$0.53/SF
EGI
$48.2K $9.19/SF
− OpEx
−$16.9K −$3.21/SF
NOI
$31.3K $5.97/SF
Area
McHenry County, IL
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,900
Cap Rate 7%
$447,786
Cap Rate 9%
$348,278
Alternative Uses
Best Use
Flex RnD
$447.8K
$391.8K – $522.4K
NOI $31,345 @ 7.0% cap · market cap 5.02%
Second Best
Warehouse
$392.0K
$343.0K – $457.4K
NOI $27,442 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,881 @ 7.0% cap · market cap 20.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
3
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60012, IL
10,916
Population
4,356
Households
2.5
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
17.3 sq mi
ZIP Area
631
Density / Sq Mi
$147,352
Median Household Income
$62,677
Median Earnings
$2,162
Median Rent
$397,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
Where is this flex space located?
The property is located at 545 Dakota St Crystal Lake, IL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Masonry industrial condo built in 2003 with 5,250 SF shop space; 20 ft ceilings with skylights and epoxy floor in the shop; Triple basin drains, special exhaust system, and air lines
