Restaurant Building with B-4
For Sale
Contact for pricing
86 N WILLIAMS ST, Crystal Lake, IL
Historic restaurant property with B-4 zoning and a commercial building configuration.
Property Size6,180 SF
Price / SF$198.22
Days on Market50
Property Features for 86 N WILLIAMS ST
General Information
Standard status
Active
Size
6,180 SF
Property subtype
Retail, Mixed Use
Zoning
B-4
Lease Type
Gross
Building Details
Year Built
1890
Buildings
1
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Blue Chip Commercial Real Estate LLC
Listed By:
Tim Billimack · License #IL 471000637
(815) 355-0196
Source:
Crexi
Added: Aug 31
Changed: Oct 12
Last Checked: Oct 16 at 8:50AM
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 Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This conventional restaurant property includes a 6,180-square-foot commercial building constructed in 1890. The asset is designated B-4, providing a defined zoning classification for evaluation alongside the existing restaurant use.
Key Highlights
- 6,180‑square‑foot restaurant property
- B‑4 zoning designation
- Building constructed in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,573
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,460
$1.5M
Cap Rate 7%
$1,036,757
$1.0M
Cap Rate 9%
$806,367
$806.4K
Market Conditions
NOI Build-Up for 6,180 SF
Gross rent
$103.8K $16.80/SF
− Vacancy
−$7.1K −$1.14/SF
EGI
$96.8K $15.66/SF
− OpEx
−$24.2K −$3.91/SF
NOI
$72.6K $11.74/SF
Area
McHenry County, IL
Vacancy
6.80%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,460
Cap Rate 7%
$1,036,757
Cap Rate 9%
$806,367
Alternative Uses
Best Use
Specialty Retail
$1.04M
$907.2K – $1.21M
NOI $72,573 @ 7.0% cap · market cap 5.92%
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.
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Current Use
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic restaurant property with B-4 zoning and a commercial building configuration.
Where is this conventional restaurant located?
The property is located at 86 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 restaurant property; B‑4 zoning designation; Building constructed in 1890
