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    1501 Carlemont Dr Crystal Lake, IL 60014

    Sponsored
    For Sale
    Contact for pricing

    Prime 1-acre car wash site, high traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre lot, situated on the soon-to-be signalized hard corner of Randall Rd and Alexandra Blvd in Crystal Lake, IL (60014), presents a unique investment opportunity. The property boasts a highly desirable B2 General Commercial zoning, allowing for a variety of uses. With over 38,000 vehicles passing daily, this location benefits from excellent ingress and egress. The surrounding area demonstrates strong demographics, including a 3-mile population of 71,000 with a high daytime population (59%) of residents aged 16 and older and a low unemployment rate (2.4%). The average income within a 3-mile radius is $127,000, reflecting a robust consumer base. The site is conveniently located near mid-to-high-end residential areas, high schools, churches, and numerous national retailers and restaurants, including Target, Lowe's, Costco, Trader Joe's, Dick's Sporting Goods, and more. Utilities are available on-site, and off-site detention is provided. This is an ideal location for an express car wash, capitalizing on the high traffic volume and strong local demand. The property is part of a larger development encompassing additional commercial spaces.

    Property Features for 1501 Carlemont Dr

    General Information

    Property type
    Automotive properties
    Lot Size
    47,916 SF

    HighLights

    • 1‑acre lot on signalized corner of Randall Rd & Alexandra Blvd, Crystal Lake, IL (60014).
    • B2 General Commercial zoning allows diverse uses.
    • High traffic count (38,000+ vehicles daily) with excellent access.
    • Strong demographics: 71,000 population within 3 miles, high daytime population (59% age 16+), low unemployment (2.4%), and $127,000 average income.
    • Near residential areas, high schools, churches, and national retailers (Target, Lowe's, Costco, etc.).
    • Utilities available on‑site; off‑site detention provided.
    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
    -88.33505697
    Latitude
    42.2005672

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    FAQs

    What type of property is this?
    Automotive property - Prime 1-acre car wash site, high traffic
    Where is this automotive property located?
    The property is located at 1501 Carlemont Dr Crystal Lake, IL.
    What are key features of this property?
    This property features: 1-acre lot on signalized corner of Randall Rd & Alexandra Blvd, Crystal Lake, IL (60014).; B2 General Commercial zoning allows diverse uses.; High traffic count (38,000+ vehicles daily) with excellent access.
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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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