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    Colonial St Crystal Lake, IL 60014

    Sponsored
    For Sale
    $114,900

    Prime 1.7-acre commercial lot, excellent development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.7-acre commercial land parcel presents a unique development opportunity in Crystal Lake, Illinois. Located on Colonial Avenue, this property boasts 290 feet of frontage, offering excellent visibility and accessibility. The zoning is R-1, and the site benefits from municipal water and sanitary sewer services. A significant advantage is the existing on-site detention system, simplifying development plans. Furthermore, the property enjoys tax exemption due to prior Park District ownership. The strategic location provides convenient access via Colonial Avenue, with a stoplight-controlled intersection at Northwest Highway. High traffic counts are observed on nearby Illinois Route 31 (22,987 vehicles) and Northwest Highway (26,951 vehicles), ensuring high visibility for any future development. The asking price for this exceptional property is $114,900. This parcel is situated in McHenry County, Illinois, with the address listed as Colonial St, Crystal Lake, IL 60014. The property's coordinates are 42.22426376 latitude and -88.28884794 longitude. This presents a rare chance to acquire a well-positioned commercial lot with significant development potential in a thriving area.

    Property Features for 0 Colonial St

    General Information

    Property type
    Land
    Lot Size
    74,052 SF

    HighLights

    • Development opportunity available.
    • 1.7‑acre parcel.
    • Priced at $114,900.
    • 290 feet of frontage on Colonial Avenue.
    • R‑1 zoning.
    • Municipal water and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Crystal Lake
    County
    McHenry
    State
    Illinois
    Longitude
    -88.28884794
    Latitude
    42.22426376

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    FAQs

    What type of property is this?
    Land - Prime 1.7-acre commercial lot, excellent development potential.
    Where is this land located?
    The property is located at Colonial St Crystal Lake, IL.
    What is the asking price?
    The asking price for this property is $114,900.
    What are key features of this property?
    This property features: Development opportunity available.; 1.7-acre parcel.; Priced at $114,900.
    Request Owner's contact information
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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
    Colonial St Crystal Lake, IL 60014
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