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    290 Congress Pkwy Crystal Lake, IL 60014

    Sponsored
    For Sale
    $249,000

    2.1-Acre Development Site, B-2 PUD Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.1-acre commercial development site is ideally located at 290 Congress Parkway in Crystal Lake, Illinois (zip code 60014, APN 19-04-301-024), offering significant potential for various commercial ventures. The property boasts B-2 PUD zoning, allowing for a range of development options. Priced at $249,000 ($2.68/sq ft land value), this prime location provides convenient access to a major shopping corridor, the post office, Northwestern Fitness and Rehab Center, and Metra. Utilities are readily available on-site. A Phase I environmental assessment was completed in 2019, and detailed soil analysis, covenants, and design restrictions are available upon request. This corner lot, situated at the intersection of Congress Parkway and Memorial Drive, presents a unique opportunity for investors and developers seeking a well-positioned site in a thriving McHenry County community. The property's strategic location and favorable zoning make it an attractive investment prospect with significant upside potential. Don't miss this chance to acquire a highly desirable commercial land parcel in a rapidly growing area.

    Property Features for 290 Congress Pkwy

    General Information

    Property type
    Land
    Lot Size
    91,476 SF

    HighLights

    • 2.1‑acre commercial development site in Crystal Lake, IL (60014).
    • B‑2 PUD zoning allows diverse development options.
    • $249,000 asking price ($2.68/sq ft land value).
    • Prime location near major shopping, post office, and Metra.
    • Utilities available; 2019 Phase I environmental assessment completed.
    • Corner lot at Congress Parkway & Memorial Drive.
    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
    -88.310447
    Latitude
    42.231196

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    FAQs

    What type of property is this?
    Land - 2.1-Acre Development Site, B-2 PUD Zoning
    Where is this land located?
    The property is located at 290 Congress Pkwy Crystal Lake, IL.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: 2.1-acre commercial development site in Crystal Lake, IL (60014).; B-2 PUD zoning allows diverse development options.; $249,000 asking price ($2.68/sq ft land value).
    Request Owner's contact information
    290 Congress Pkwy Crystal Lake, IL 60014
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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
    290 Congress Pkwy Crystal Lake, IL 60014
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