Climate-Controlled Flex
For Sale
$2,499,000
661 S Main St, Crystal Lake, IL
Freestanding commercial building combining showroom and warehouse areas with truck dock access.
Property Size34,310 SF
Lot Size2.10 Acres
Price / SF$72.84
Days on Market105
Property Features for 661 S Main St
General Information
Standard status
Active
Size
34,310 SF
Lot size
2.10 Acres
Zoning
B-2
Warehouse & Industrial
Clear Height
23 ft
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$92,255
Amenities
fully climate controlled
Building Details
Buildings
1
Building Size
34,310 SF
Listing Agency:
Premier Commercial Realty
Listed By:
Bruce Kaplan · License #475075614
(847) 854-2300
Source:
Exprealty
Added: Jul 17
Changed: Oct 25
Last Checked: Oct 28 at 11:40AM
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.
This 34,310-square-foot flex property occupies 2.1 acres and combines a substantial showroom with warehouse space. Interior ceiling heights range from 13 to 23 feet, while drive-in-door and truck dock access support distribution-oriented operations. Climate control is provided throughout the building.
Zoned B-2, the property is situated in Crystal Lake’s retail district. Warehouse-oriented uses may be considered through a special use permit or possible zoning change by the City of Crystal Lake. The configuration supports businesses seeking one facility for customer-facing display space and distribution functions.
Zoned B-2, the property is situated in Crystal Lake’s retail district. Warehouse-oriented uses may be considered through a special use permit or possible zoning change by the City of Crystal Lake. The configuration supports businesses seeking one facility for customer-facing display space and distribution functions.
Key Highlights
- 34,310 SF freestanding flex building on 2.1 acres
- Showroom and warehouse areas within one building
- 13'-23' ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,848
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,096,960
$4.1M
Cap Rate 7%
$2,926,400
$2.9M
Cap Rate 9%
$2,276,089
$2.3M
Market Conditions
NOI Build-Up for 34,310 SF
Gross rent
$333.5K $9.72/SF
− Vacancy
−$18.3K −$0.53/SF
EGI
$315.2K $9.19/SF
− OpEx
−$110.3K −$3.21/SF
NOI
$204.8K $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%
$4,096,960
Cap Rate 7%
$2,926,400
Cap Rate 9%
$2,276,089
Alternative Uses
Best Use
Retail
$4.73M
$4.14M – $5.52M
NOI $331,074 @ 7.0% cap · market cap 13.25%
Second Best
Flex RnD
$2.93M
$2.56M – $3.41M
NOI $204,848 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$11.85M
$10.36M – $13.82M
NOI $829,197 @ 7.0% cap · market cap 33.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
23 ft
Clear height
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding commercial building combining showroom and warehouse areas with truck dock access.
Where is this flex space located?
The property is located at 661 S Main St Crystal Lake, IL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 34,310 SF freestanding flex building on 2.1 acres; Showroom and warehouse areas within one building; 13'-23' ceilings
