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    5610 State Rte 31 Crystal Lake, IL 60014

    Sponsored
    For Lease
    $95 SF/Yr

    1,357 sq ft Retail Office Space - Ideal Startup

    Lot size:
    1,357 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,357 square foot retail space, situated in a high-traffic strip center at the intersection of Illinois Routes 176 and 31, presents a fantastic opportunity for a small business. The property is a single-tenant space within a Class C building constructed in 1970. The building is a single-story structure without elevators. The space boasts recently updated features including newer flooring, fresh paint, and energy-efficient LED lighting, creating a modern and inviting atmosphere. Its prime location ensures excellent visibility and benefits from the proximity to other established businesses, guaranteeing high foot traffic and potential customer exposure. The zoning designation is B-2. The space is perfect for a variety of uses, making it an attractive option for entrepreneurs seeking a well-maintained and conveniently located space to launch or expand their operations. A $42 credit and background check is required per applicant. This is a rare opportunity to secure a well-positioned retail space in a thriving commercial area.

    Property Features for 5610 State Rte 31

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,357 SF
    Class
    C

    Building Details

    Year Built
    1970
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,357 SF
    Rate per SF
    $95

    HighLights

    • 1,357 square foot retail space in a single‑tenant building.
    • Located on a high‑traffic Route 176 & Route 31 strip center in Illinois.
    • Features newer flooring, paint, and LED lighting.
    • Class C building, built in 1970, one story, no elevators.
    • Zoned B‑2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Crystal Lake
    County
    Mchenry
    State
    Illinois
    Longitude
    -88.2862198
    Latitude
    42.2477936

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    FAQs

    What type of property is this?
    Retail property - 1,357 sq ft Retail Office Space - Ideal Startup
    Where is this retail property located?
    The property is located at 5610 State Rte 31 Crystal Lake, IL.
    What is the lease rate?
    The lease rate is $95 SF/Yr.
    What are key features of this property?
    This property features: 1,357 square foot retail space in a single-tenant building.; Located on a high-traffic Route 176 & Route 31 strip center in Illinois.; Features newer flooring, paint, and LED lighting.
    Request Owner's contact information
    5610 State Rte 31 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
    5610 State Rte 31 Crystal Lake, IL 60014
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