Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    255 Exchange Dr Crystal Lake, IL 60014

    Sponsored
    For Sale
    $1,910,000

    8.78 Acres, Build-to-Suit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional 8.78-acre industrial land site is ideally located at 255 Exchange Drive in Crystal Lake, Illinois, within the Crystal Lake Business Center (zip code 60014). Zoned M, this property presents a unique opportunity for developers and businesses seeking a build-to-suit solution or the ability to customize a facility to their exact specifications. The expansive lot offers significant potential for a substantial industrial building

    Property Features for 255 Exchange Dr

    General Information

    Property type
    Land
    Lot Size
    382,457 SF

    We can help!

    Listing Contact
    Sam Deihs
    Sam Deihs

    Learn more

    HighLights

    • 8.78‑acre industrial land site in Crystal Lake, IL.
    • Located at 255 Exchange Drive within the Crystal Lake Business Center (zip code 60014).
    • M‑zoned, allowing for build‑to‑suit or custom facility development.
    • Significant potential for a large industrial building.
    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
    -88.30345
    Latitude
    42.235897

    Nearby Similar for Sale

    • $675,000
      0.25 Acres

      Crystal Lake Multi-Unit Investment

      Well-maintained multi-unit property near downtown Crystal Lake.
      82 S Williams St, Crystal Lake, IL 60014
      View Details
    • $989,800
      1.16 Acres

      Commercial Building in Crystal Lake

      Newer building with leased pool area and dive shop.
      269 Liberty Rd, Crystal Lake, IL 60014
      View Details
    • $169,900
      1.15 Acres

      Professional Office Space Available

      Well-maintained office in Randall North Business Center.
      1540 Carlemont Dr, Crystal Lake, IL 60014
      View Details
    • $655,000
      0.07 Acres

      Leased Commercial Property Investment

      Leased dentist office with NNN lease, ideal investment property.
      1500 Carlemont Dr, Crystal Lake, IL 60014
      View Details
    • $300,000
      0.20 Acres

      Crystal Lake Income Property

      Two-unit residential income property near Crystal Lake and train station.
      132 S Mchenry Ave, Crystal Lake, IL 60014
      View Details
    • $400,000

      Corner Office/Retail Suite Available

      Highly visible corner office/retail suite in Crystal Lake, Illinois.
      1540 Carlemont Dr, Crystal Lake, IL 60014
      View Details
    • $449,900
      0.31 Acres

      Crystal Lake Commercial Corner Lot

      Corner lot suitable for drive-thru restaurant on Route 176.
      1703 Il Rte 176, Crystal Lake, IL 60014
      View Details
    • $1,840,500
      16,756 SF

      Crystal Lake Industrial Building For Sale

      16,756 SF industrial building with office and warehouse space.
      186 Virginia Rd, Crystal Lake, IL
      View Details
    • $4,069,000
      12,836 SF

      Retail Strip Investment Opportunity

      Fully occupied retail strip with national tenants in Crystal Lake.
      5260 Hwy NW, Crystal Lake, IL
      View Details
    • Contact for pricing
      11,084 SF

      Retail Property with Investment Grade Tenants

      Retail property featuring two investment-grade tenants in Crystal Lake, IL.
      240 Commerce Dr, Crystal Lake, IL
      View Details
    • $975,000
      2,938 SF

      Retail Space in Dense Corridor

      Retail space in a high-traffic, affluent area.
      6110 Hwy NW, Crystal Lake, IL
      View Details
    • $999,900
      11,010 SF

      Two-Story Multi-Tenant Office Building

      Two-story, multi-tenant office building with owner/user opportunity.
      970 S Mchenry Ave, Crystal Lake, IL
      View Details

    FAQs

    What type of property is this?
    Land - 8.78 Acres, Build-to-Suit Potential
    Where is this land located?
    The property is located at 255 Exchange Dr Crystal Lake, IL.
    What is the asking price?
    The asking price for this property is $1,910,000.
    What are key features of this property?
    This property features: 8.78-acre industrial land site in Crystal Lake, IL.; Located at 255 Exchange Drive within the Crystal Lake Business Center (zip code 60014).; M-zoned, allowing for build-to-suit or custom facility development.
    Request Owner's contact information
    255 Exchange Dr Crystal Lake, IL 60014
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    255 Exchange Dr
    Crystal Lake, IL 60014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    255 Exchange Dr Crystal Lake, IL 60014
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sam Deihs
    Sam Deihs
    Real Estate License ID: IL 475. 182116
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.