Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    339 Virginia St Crystal Lake, IL 60014

    Sponsored
    For Sale
    $1,500,000

    Prime Redevelopment Opportunity: 0.6 Acres, B-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.6-acre commercial land parcel, located at the high-traffic corner of West Virginia Street and McHenry Avenue in Crystal Lake, Illinois (APN 1905308026), presents a compelling redevelopment opportunity. The 25,877 square foot lot is zoned B-2, making it ideal for a variety of commercial uses. Currently occupied by a gas station, the true value lies in the land's potential. This prime location on a strong commercial corridor is perfectly suited for quick-service restaurants (QSRs) with drive-thrus, national retailers, or franchises. The property's visibility and accessibility make it an attractive investment for businesses seeking high exposure. Given its strategic location and zoning, this site offers significant upside for developers and investors. Showings are strictly by appointment only to ensure confidentiality and avoid disturbing current occupants. No signage is present on the property. The asking price is $1,500,000. The property's address is 339 W Virginia St, Crystal Lake, IL 60014.

    Property Features for 339 Virginia St

    General Information

    Property type
    Land
    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
    -88.333500294618
    Latitude
    42.231583002666

    Nearby Similar for Sale

    • $675,000
      0.25 Acres

      Crystal Lake Multi-Unit Investment

      Well-maintained multi-unit property near downtown Crystal Lake.
      82 S Williams St, Crystal Lake, IL 60014
      View Details
    • $989,800
      1.16 Acres

      Commercial Building in Crystal Lake

      Newer building with leased pool area and dive shop.
      269 Liberty Rd, Crystal Lake, IL 60014
      View Details
    • New
      $169,900
      1.15 Acres

      Professional Office Space Available

      Well-maintained office in Randall North Business Center.
      1540 Carlemont Dr, Crystal Lake, IL 60014
      View Details
    • $655,000
      0.07 Acres

      Leased Commercial Property Investment

      Leased dentist office with NNN lease, ideal investment property.
      1500 Carlemont Dr, Crystal Lake, IL 60014
      View Details
    • $300,000
      0.20 Acres

      Crystal Lake Income Property

      Two-unit residential income property near Crystal Lake and train station.
      132 S Mchenry Ave, Crystal Lake, IL 60014
      View Details
    • $400,000

      Corner Office/Retail Suite Available

      Highly visible corner office/retail suite in Crystal Lake, Illinois.
      1540 Carlemont Dr, Crystal Lake, IL 60014
      View Details
    • $449,900
      0.31 Acres

      Crystal Lake Commercial Corner Lot

      Corner lot suitable for drive-thru restaurant on Route 176.
      1703 Il Rte 176, Crystal Lake, IL 60014
      View Details
    • $1,840,500
      16,756 SF

      Crystal Lake Industrial Building For Sale

      16,756 SF industrial building with office and warehouse space.
      186 Virginia Rd, Crystal Lake, IL
      View Details
    • $4,069,000
      12,836 SF

      Retail Strip Investment Opportunity

      Fully occupied retail strip with national tenants in Crystal Lake.
      5260 Hwy NW, Crystal Lake, IL
      View Details
    • Contact for pricing
      11,084 SF

      Retail Property with Investment Grade Tenants

      Retail property featuring two investment-grade tenants in Crystal Lake, IL.
      240 Commerce Dr, Crystal Lake, IL
      View Details
    • $975,000
      2,938 SF

      Retail Space in Dense Corridor

      Retail space in a high-traffic, affluent area.
      6110 Hwy NW, Crystal Lake, IL
      View Details
    • $999,900
      11,010 SF

      Two-Story Multi-Tenant Office Building

      Two-story, multi-tenant office building with owner/user opportunity.
      970 S Mchenry Ave, Crystal Lake, IL
      View Details

    FAQs

    What type of property is this?
    Land - Prime Redevelopment Opportunity: 0.6 Acres, B-2 Zoning
    Where is this land located?
    The property is located at 339 Virginia St Crystal Lake, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (630) 765-1987
    Request Owner's contact information
    339 Virginia St Crystal Lake, IL 60014
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    339 Virginia St
    Crystal Lake, IL 60014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    339 Virginia St Crystal Lake, IL 60014
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.