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    7101 Virginia Rd Crystal Lake, IL 60014

    Sponsored
    For Sale
    $119,900

    1.1-Acre Lot, Prime Location, $119,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.1-acre commercial lot presents a unique investment opportunity in the thriving Crystal Lake, Illinois market. Located at 7101 S Virginia Rd, in McHenry County, zip code 60014 (42.2257475, -88.3273093), this property offers significant potential for various commercial developments. The asking price is $119,900. Its strategic location provides excellent visibility and accessibility, making it ideal for businesses seeking a high-traffic area. The expansive lot size allows for considerable flexibility in design and construction, accommodating a wide range of commercial projects. This prime parcel is situated in a well-established commercial area, offering proximity to existing businesses and amenities. The property's convenient location and ample space make it an attractive proposition for entrepreneurs and investors alike. This is a rare opportunity to acquire a substantial commercial lot in a desirable location, offering significant potential for future growth and profitability. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is classified as commercial land. Further details are available upon request.

    Property Features for 7101 Virginia Rd

    General Information

    Property type
    Land
    Lot Size
    47,916 SF

    HighLights

    • $119,900 asking price.
    • 1.1‑acre commercial land parcel.
    • Located at 7101 S Virginia Rd, Crystal Lake, IL 60014.
    • Situated in McHenry County, Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.3273093
    Latitude
    42.2257475

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    FAQs

    What type of property is this?
    Land - 1.1-Acre Lot, Prime Location, $119,900
    Where is this land located?
    The property is located at 7101 Virginia Rd Crystal Lake, IL.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: $119,900 asking price.; 1.1-acre commercial land parcel.; Located at 7101 S Virginia Rd, Crystal Lake, IL 60014.
    Request Owner's contact information
    7101 Virginia Rd 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
    7101 Virginia Rd Crystal Lake, IL 60014
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