545 Dakota Street Efg, Crystal Lake, IL 60012

Building Details

Year Built 2003 More

Construction masonry More

Listing Agency: Premier Commercial Realty

Listed By: Bruce Kaplan · License #475075614 Show Phone

Source: Grandviewrealtyservices

Added: Aug 25 Changed: Nov 8 Last Checked: Nov 8 at 10:02AM

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Investment Insights

Based on property information with market context.

This 5,250-square-foot masonry flex-space condominium, built in 2003, combines a specialized industrial shop with customer-facing and administrative areas. The property includes a customer waiting area, two baths, one private office, a kitchen, triple-basin drains, a dedicated exhaust system, air lines, skylights, and an epoxy floor. The shop provides 20-foot ceilings, three 200-amp three-phase electrical panels, and three 12-by-14-foot drive-in doors. Fire protection is provided by a sprinkler system.

Located at 545 Dakota Street Efg in Crystal Lake, Illinois, the property is occupied by a tenant renewing a five-year lease with 4% annual increases. The configuration supports industrial operations requiring drive-in access, shop utility infrastructure, office space, and customer accommodations.

Key Highlights

• 5,250‑square‑foot masonry flex‑space condominium built in 2003
• Three 12‑by‑14‑foot drive‑in doors and 20‑foot shop ceilings
• Three 200‑amp three‑phase electrical panels

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

Is this asking price fair?

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 (±1% cap)

NOI $31,345 @ 7.0% cap · market cap 5.02%

Second Best

Industrial

$322.8K

$282.5K – $376.7K (±1% cap)

NOI $22,599 @ 7.0% cap · market cap 3.62%

Theoretical Best

Office A

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,209 @ 7.0% cap · market cap 16.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Restaurant Parking Lot & Garage Law Firm Spa & Massage Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20 ft

Clear height

3

Drive-in doors

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

Market

Properties on Market for Flex space in McHenry County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial condo offers dedicated office, kitchen, customer waiting area, two baths, and specialized shop infrastructure.

Where is this flex space located?

The property is located at 545 Dakota Street Efg 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: 5,250‑square‑foot masonry flex‑space condominium built in 2003; Three 12‑by‑14‑foot drive‑in doors and 20‑foot shop ceilings; Three 200‑amp three‑phase electrical panels