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    440 Virginia St Crystal Lake, IL 60014

    For Sale
    $450,000

    Prime Retail Space, 5195 SF, High Traffic Area

    Property size:
    5,195 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5,195 square foot storefront property at 440 W Virginia St in Crystal Lake, IL, presents a unique investment opportunity. Located in a thriving mixed-use neighborhood, this single-tenant building boasts a high-profile location along Northwest Highway, ensuring excellent visibility and accessibility. Built in 1907, the property sits on a 0.19-acre lot and is zoned B2 PUD (City of Crystal Lake), offering versatility for a range of retail uses. The building features a single story with 10'-11' clear ceiling height, providing ample space for various business configurations. Convenient rear employee parking and a rear service door enhance operational efficiency. The property benefits from a strong demographic profile, with an affluent population boasting an average household income exceeding $96,000 within a 3-mile radius. The asking price is $450,000, translating to $76 per square foot. Abundant parking is available, including a private lot and ample street parking. This is an ideal opportunity for an end-user or investor seeking a prime retail location in a desirable area. The property's size, location, and amenities make it an attractive investment with significant potential for growth and return.

    Property Features for 440 Virginia St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,195 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1907
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • High‑profile commercial building on Northwest Highway.
    • Suitable for single‑tenant occupancy, owner‑users, or investors.
    • Located in a mixed‑use neighborhood with nearby established restaurants.
    • Features a rear employee parking lot and service door.
    • Strong demographics: Average household income over $96,000 within a 3‑mile radius.
    • 10'-11' clear ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -88.3367976
    Latitude
    42.2349772

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, 5195 SF, High Traffic Area
    Where is this individual retail property located?
    The property is located at 440 Virginia St Crystal Lake, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High-profile commercial building on Northwest Highway.; Suitable for single-tenant occupancy, owner-users, or investors.; Located in a mixed-use neighborhood with nearby established restaurants.
    Request Owner's contact information
    440 Virginia St 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
    440 Virginia St Crystal Lake, IL 60014
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