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    1501 Carlemont Dr Crystal Lake, IL 60014

    Sponsored
    For Sale
    Contact for pricing

    Prime Crystal Lake commercial lots, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land opportunity in Crystal Lake, Illinois, presents two parcels totaling approximately 1.06 to 1.23 acres, ideally situated on Carlemont Drive. The property boasts a highly desirable B2 General Commercial zoning, allowing for a wide range of development possibilities. This location benefits from its proximity to Randall Road, a major thoroughfare with over 43,000 vehicles per day, ensuring high visibility and accessibility for any business. The area is further enhanced by the presence of multiple big-box retailers, creating a strong synergy and attracting significant consumer traffic. A planned new traffic light will further improve access and visibility. The property offers multiple access points, adding to its convenience and appeal. This is a rare opportunity to acquire land in a thriving commercial area with an approved Planned Unit Development (PUD). Additionally, a multi-tenant retail building with a drive-thru, encompassing approximately 17,873 square feet, is also available on a separate lot. This presents a unique chance to acquire land for development or an existing building with excellent potential. The property is located in McHenry County, Illinois, with the address being 1501 Carlemont Dr, Crystal Lake, IL 60014. Don't miss this chance to invest in a prime commercial location with significant growth potential.

    Property Features for 1501 Carlemont Dr

    General Information

    Property type
    Land
    Lot Size
    46,174 SF

    HighLights

    • Randall Road outlots available.
    • Multi‑tenant retail building with drive‑thru.
    • Strong co‑tenancy with major retailers.
    • New traffic signal improving access.
    • Multiple points of access.
    • Over 43,000 vehicles per day (VPD).
    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
    -88.3367528
    Latitude
    42.1944043

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    FAQs

    What type of property is this?
    Land - Prime Crystal Lake commercial lots, high traffic.
    Where is this land located?
    The property is located at 1501 Carlemont Dr Crystal Lake, IL.
    What are key features of this property?
    This property features: Randall Road outlots available.; Multi-tenant retail building with drive-thru.; Strong co-tenancy with major retailers.
    (630) 573-1282
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    1501 Carlemont Dr 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
    1501 Carlemont Dr Crystal Lake, IL 60014
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