Mixed-Use Building with Retail and
New
For Sale
Contact for pricing
86-90 N Williams St, Crystal Lake, IL 60014
Six tenants occupy ground-floor commercial space and four apartments above in a downtown corner property.
Property Size6,180 SF
Price / SF$198.22
Days on Market3
Property Features for 86-90 N Williams St
General Information
Standard status
Active
Size
6,180 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Gross Income
$117,792
Corner Location
Yes
Multifamily Units
4
Building Details
Tenancy
Multi
Listing Agency:
Blue Chip Commercial
(815) 355-0196
Listed By:
Tim Billimack · License #471000637
(815) 335-0196
Source:
Moodyscre
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 7:17AM
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 Blue Chip Commercial
Investment Insights
Based on property information with market context.
This 6,180-square-foot mixed-use building combines two retail spaces on the first floor with four apartments on the second. The property is fully leased to six tenants, including several with long-term occupancy.
At the corner of N Williams St in downtown Crystal Lake, the property brings retail and residential space together in a single building.
At the corner of N Williams St in downtown Crystal Lake, the property brings retail and residential space together in a single building.
Key Highlights
- 6,180‑square‑foot mixed‑use building
- Two first‑floor retail spaces and four second‑floor apartments
- Fully leased to six tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,963
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,260
$1.3M
Cap Rate 7%
$913,757
$913.8K
Cap Rate 9%
$710,700
$710.7K
Market Conditions
NOI Build-Up for 6,180 SF
Gross rent
$111.2K $18.00/SF
− Vacancy
−$8.9K −$1.44/SF
EGI
$102.3K $16.56/SF
− OpEx
−$38.4K −$6.21/SF
NOI
$64.0K $10.35/SF
Area
McHenry County, IL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,260
Cap Rate 7%
$913,757
Cap Rate 9%
$710,700
Alternative Uses
Best Use
Mixed Use
$913.8K
$799.5K – $1.07M
NOI $63,963 @ 7.0% cap · market cap 5.22%
Second Best
Retail
$851.9K
$745.4K – $993.9K
NOI $59,634 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,357 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six tenants occupy ground-floor commercial space and four apartments above in a downtown corner property.
Where is this mixed-use property located?
The property is located at 86-90 N Williams St Crystal Lake, IL.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 6,180‑square‑foot mixed‑use building; Two first‑floor retail spaces and four second‑floor apartments; Fully leased to six tenants
