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    650 Terra Cotta Ave Crystal Lake, IL 60014

    Sponsored
    For Lease
    $16 SF/Yr

    Prime location, divisible suites, drive-thru.

    Lot size:
    15,990 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15,990 square foot retail and office strip center in Crystal Lake, IL, offers a unique investment opportunity. The property, built in 2005, features two suites totaling 2,810 square feet of vacant space, divisible into smaller units. Unit 106, a 748 square foot inline space, boasts recent upgrades including vinyl flooring and an open floor plan with one bathroom. Unit 110, a 2,810 square foot end cap, presents a remarkable opportunity with a drive-thru window. Previously used as office/financial space, it includes four private offices, open clerical area, kitchen, and two bathrooms. This unit is divisible into two smaller spaces: Unit 110A (1,807 sq ft) and Unit 110B (1,003 sq ft), each with its own distinct layout and amenities. All units are available at $16 per square foot, triple net, with a pass-through cost of $6 per square foot. The property includes 64 parking spaces, 12-foot ceilings, and 200-amp power. The B2P zoning allows for a variety of uses. The property is conveniently located on the north side of Crystal Lake, minutes from Route 31 and Route 14, and the downtown business district. Prominent lighted monument signage enhances visibility. A minimum three-year lease term is preferred. The property's APN is 14-33-277-006, and property taxes are $3.45 per square foot.

    Property Features for 650 Terra Cotta Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,990 SF
    Total Rate
    21320

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    110
    Size
    2,810 SF
    Rate per SF
    $16
    Space
    #106
    Size
    748 SF
    Rate per SF
    $16

    HighLights

    • 15,990 SF retail/office strip center in Crystal Lake, IL, built in 2005.
    • 2,810 SF of vacant space divisible into smaller units.
    • Unit 106 (748 SF) features recent upgrades and an open floor plan.
    • Unit 110 (2,810 SF end cap) includes a drive‑thru and is divisible into two smaller spaces.
    • $16/SF triple net lease rate, $6/SF pass‑through costs, minimum three‑year lease term.
    • 64 parking spaces, 12‑foot ceilings, 200‑amp power, B2P zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crystal Lake
    County
    Mchenry
    State
    Illinois
    Longitude
    -88.2971226
    Latitude
    42.2493034

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    FAQs

    What type of property is this?
    Neighborhood center - Prime location, divisible suites, drive-thru.
    Where is this neighborhood center located?
    The property is located at 650 Terra Cotta Ave Crystal Lake, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 15,990 SF retail/office strip center in Crystal Lake, IL, built in 2005.; 2,810 SF of vacant space divisible into smaller units.; Unit 106 (748 SF) features recent upgrades and an open floor plan.
    Request Owner's contact information
    650 Terra Cotta Ave Crystal Lake, IL 60014
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    Realmo Value Estimation

    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.

    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.

    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
    650 Terra Cotta Ave Crystal Lake, IL 60014
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