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    10 Terra Cotta Ave Crystal Lake, IL 60014

    Sponsored
    For Sale
    Contact for pricing

    18,567 SF Shopping Center Outlot

    Property size:
    18,567 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property, located at 10 & 40-60 W. Terra Cotta Ave in Crystal Lake, IL, presents a compelling investment opportunity. The 18,567 square foot shopping center outlot, built in 1988, sits on a 3.34-acre lot (two parcels) and boasts a highly visible location at a signalized intersection with a dedicated turn lane. The property benefits from shared parking with 115 spaces and prominent pylon signage. The building is zoned O-PUD and features municipal water and sanitary utilities. Currently, there is space available for lease (1,000-1,100 square feet) at a rate of $14 NNN with a CAM of $8.00. The entire 18,567 square foot building is also available for sale, subject to offer. The property is divisible, making it suitable for a variety of retail tenants. Its location among major thoroughfares and the presence of world-renowned tenants within the shopping center ensures high traffic and visibility, creating an ideal environment for success. This is a rare opportunity to acquire a well-located, established retail property in a thriving market.

    Property Features for 10 Terra Cotta Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    18,567 SF
    Lot Size
    145,490 SF

    Building Details

    Year Built
    1988

    HighLights

    • 1,000‑1,100 SF available for lease.
    • Entire 18,567 SF building for sale, subject to offer.
    • Lease rate: $14 NNN.
    • CAM: $8.00.
    • 18,567 SF building, built in 1988.
    • Divisible space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -88.3222957
    Latitude
    42.2488206

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    FAQs

    What type of property is this?
    Lifestyle center - 18,567 SF Shopping Center Outlot
    Where is this lifestyle center located?
    The property is located at 10 Terra Cotta Ave Crystal Lake, IL.
    What are key features of this property?
    This property features: 1,000-1,100 SF available for lease.; Entire 18,567 SF building for sale, subject to offer.; Lease rate: $14 NNN.
    Request Owner's contact information
    10 Terra Cotta Ave 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
    10 Terra Cotta Ave Crystal Lake, IL 60014
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