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    Virginia St Crystal Lake, IL 60014

    Sponsored
    For Sale
    $899,000

    Prime Commercial Lot, High Visibility, 7.95 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7.95-acre commercial lot presents a remarkable opportunity for development in Crystal Lake, Illinois. Located at a highly visible, lighted intersection boasting a newly installed turn lane, this property ensures optimal exposure for any commercial or retail venture. The lot is zoned Commercial | W3, allowing for a variety of potential uses. The City of Crystal Lake has expressed openness to considering commercial or retail development proposals for this site. The expansive acreage provides ample space for a large-scale project, offering significant potential for return on investment. Detailed zoning information is readily available upon request. This prime location offers easy access to major transportation routes, ensuring convenient access for customers and employees. Note that gas station development is not permitted on this property. This is a rare opportunity to acquire a substantial commercial lot in a thriving Illinois community. Seize this chance to build your business in a highly visible and accessible location. The asking price for this exceptional property is $899,000. Contact us today to learn more and schedule a site visit.

    Property Features for 0 Virginia St

    General Information

    Property type
    Land
    Lot Size
    346,302 SF

    HighLights

    • $899,000 asking price.
    • 7.95‑acre commercial land parcel.
    • Located in Crystal Lake, IL, in McHenry County, zip code 60014.
    • Commercial zoning (W3).
    • High‑visibility location at a lighted intersection with a new turn lane.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Crystal Lake
    County
    McHenry
    State
    Illinois
    Longitude
    -88.34246568519
    Latitude
    42.244310635682

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, High Visibility, 7.95 Acres
    Where is this land located?
    The property is located at Virginia St Crystal Lake, IL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: $899,000 asking price.; 7.95-acre commercial land parcel.; Located in Crystal Lake, IL, in McHenry County, zip code 60014.
    (815) 338-7111
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    Virginia St 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
    Virginia St Crystal Lake, IL 60014
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