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    4220 Northwest Hwy Crystal Lake, IL 60014

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    For Sale
    Contact for pricing

    Prime Commercial Land, Hwy 14 & IL-31

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Two exceptional commercial land parcels totaling approximately 2.94 acres are available for sale in Crystal Lake, Illinois. Located at 4220 Northwest Hwy, this high-traffic location boasts a 4-way signalized intersection and is situated near the intersection of US Hwy 14 and IL Route 31, experiencing 20,700 cars daily. Lot 2 (APN 19-10-200-041), encompassing 1.57 acres, is priced at $895,000 ($13.09 per square foot) and offers lease options ranging from 1,200 to 9,000 square feet. Lot 3 (APN 19-03-452-001), spanning 1.37 acres, is listed at $695,000 ($11.65 per square foot) with lease options from 1,200 to 7,000 square feet. Both lots have drive-thru approval under the B-PUD zoning. This prime location offers unparalleled visibility and accessibility, situated adjacent to a new Casey's and in close proximity to numerous established businesses including Home Depot, Menards, U-Haul, Dunkin', Portillo's, Texas Roadhouse, Outback Steakhouse, PetSmart, Mercy Hospital, Boot Barn, and the Water's Edge Development Project. This presents a unique opportunity for businesses seeking high visibility and strong traffic counts in a thriving commercial area. The property's strategic location and development potential make it an ideal investment.

    Property Features for 4220 Northwest Hwy

    General Information

    Property type
    Land
    Lot Size
    59,677 SF

    HighLights

    • Lot 2: PIN 19‑10‑200‑041, 1.57 acres, $895,000 ($13.09/SF).
    • Lease options: 1,200‑9,000 SF.
    • Lot 3: PIN 19‑03‑452‑001, 1.37 acres, $695,000 ($11.65/SF).
    • Lease options: 1,200‑7,000 SF.
    • Drive‑thru approved (B‑PUD zoning).
    • 4‑way signalized intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.2822573
    Latitude
    42.2258086

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Hwy 14 & IL-31
    Where is this land located?
    The property is located at 4220 Northwest Hwy Crystal Lake, IL.
    What are key features of this property?
    This property features: Lot 2: PIN 19-10-200-041, 1.57 acres, $895,000 ($13.09/SF).; Lease options: 1,200-9,000 SF.; Lot 3: PIN 19-03-452-001, 1.37 acres, $695,000 ($11.65/SF).
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    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
    4220 Northwest Hwy Crystal Lake, IL 60014
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