Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Office or Medical Suite Title is generated by Realmo AI

    80 N Virginia Street #B, Crystal Lake, IL 60014

    View on Map
    Claim this Listing
    For Lease
    $20 SF/Yr $6,666/Mo (calc)

    4,000 SF office/medical suite with high-end finishes for lease.

    Type:Commercial
    Property size:
    4,000 SF
    Lot size:
    3.14 Acres
    Added:
    Jan 29, 2025
    Days on Market:
    491
    Last Refresh:
    Apr 5 at 11:35 pm

    Property Features for 80 N Virginia Street #B

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Lot size
    3.14 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    OLIVIA CZYZYNSKI
    OLIVIA CZYZYNSKI

    Listing agent OLIVIA CZYZYNSKI License #475146577

    Listing office SPERRY VAN NESS

    Listing date Jan 29, 2025

    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 SPERRY VAN NESS

    HighLights

    • 4,000 SF office or medical suite with high‑end finishes
    • Full, surrounding window‑line and high ceilings
    • Includes private offices, open area, and reception area
    • Full kitchenette with plumbing
    • Plenty of storage space
    • Basement available for additional storage

    Overview

    This 4,000 square foot suite is available for lease as an office or medical space. The suite features a full, surrounding window-line and high ceilings. The layout includes an open area, private offices, a reception area, and plenty of storage space. A full kitchenette with plumbing is also included. High-end finishes are present throughout the suite. A basement is available for additional storage.
    Location Intelligence

    Current Use by Public Records

    Office Units

    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.

    Location Insight

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

    Nearby Similar for Lease

    • Contact for pricing
      200 SF

      Professional Office Suite in Crystal Lake

      Affordable 200 sq ft office suite with shared amenities.
      7115 Virginia Road, Crystal Lake, IL 60014
      View Details
    • $18 SF/Yr
      300 SF

      Upscale Office Space Available

      Efficient, semi-furnished office suite with included utilities and amenities.
      1145 Mitchell Court #213, Crystal Lake, IL 60014
      View Details
    • $16 SF/Yr
      1,610 SF

      Medical/Professional Office Space Available

      1,610 SF office suite for medical or professional use.
      333 Commerce Drive #600, Crystal Lake, IL 60014
      View Details
    • $18 SF/Yr
      1,170 SF

      Professional Office Suite For Rent

      Office suite with reception, offices, kitchenette, restroom, parking.
      1540 Carlemont Drive, Crystal Lake, IL 60014
      View Details
    • $20 SF/Yr
      1,300 SF

      Retail Storefront on Route 14

      In-line retail space with signage and shared parking.
      384 W Virginia Street, Crystal Lake, IL 60014
      View Details
    • $17 SF/Yr
      23,242 SF

      Renovated Office and Medical Suites

      Office and medical suites available in Crystal Lake, Illinois.
      651 W Terra Cotta Avenue, Crystal Lake, IL 60014
      View Details
    • $500/Mo

      Two-Story Office Building

      A two-story office property available for rent, suited for a range of professional service users.
      970 McHenry Avenue, Crystal Lake, IL 60014
      View Details
    • $4 SF/Yr
      2,400 SF

      Renovated Office Space on Route 14

      2,400 SF office space ideal for dance, martial arts.
      25 S Virginia St, Crystal Lake, IL
      View Details
    • $18 SF/Yr
      1,200 SF

      Well-Maintained Office Suite Available

      1,200 SF office suite ideal for professional services.
      521 Devonshire Lane #B, Crystal Lake, IL 60014
      View Details
    • $1,099/Mo
      120 SF

      Move-In Ready Salon Suites

      Salon suites with styling station and shampoo bowl for rent.
      25 N Williams St, Crystal Lake, IL
      View Details
    • $15 SF/Yr
      3,600 SF

      Downtown Crystal Lake Office Suite

      3,600 SF office suite in downtown Crystal Lake.
      70 N Williams Street, Crystal Lake, IL 60014
      View Details
    • $15 SF/Yr
      878 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru, divisible, high-traffic location.
      650 E Terra Cotta Ave, Crystal Lake, IL
      View Details

    FAQs

    What type of property is this?
    Office units - 4,000 SF office/medical suite with high-end finishes for lease.
    Where is this office units located?
    The property is located at 80 N Virginia Street #B Crystal Lake, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 4,000 SF office or medical suite with **high‑end finishes**; **Full, surrounding window‑line and high ceilings**; Includes private offices, open area, and reception area
    (312) 676-1866
    We can help!
    Listing Contact
    OLIVIA CZYZYNSKI
    OLIVIA CZYZYNSKI
    Real Estate License ID: 475146577
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    80 N Virginia Street #B, Crystal Lake, IL 60014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!