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    6116 Northwest Hwy Crystal Lake, IL 60014

    Sponsored
    For Sale
    Contact for pricing

    0.77-acre vacant lot, 2938 SF building.

    Property size:
    2,938 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional redevelopment opportunity presents a prime 2,938 square foot building situated on a 0.77-acre lot at 6116 Northwest Hwy in Crystal Lake, Illinois, zip code 60014. Currently vacant, this property is ideally suited for a quick-service restaurant (QSR) tenant. The location boasts exceptional visibility and accessibility, situated within a dense retail corridor featuring numerous national brands including McDonald's, Little Caesars, Buffalo Wild Wings, Panera Bread, Five Guys, Pizza Hut, IHOP, Starbucks, 7-Eleven, Potbelly, Domino's, Target, Planet Fitness, Panda Express, Kohl's, Culver's, Jamba Juice, and Arby's. The site benefits from high traffic counts, with Northwest Highway seeing 29,500 vehicles daily and S. Main St recording 16,300 vehicles daily. This affluent community offers strong demographics, with over 128,500 individuals residing within a 5-mile radius and an average household income exceeding $107,400 annually. This property presents a unique chance to capitalize on a thriving retail environment and a strong consumer base. The 0.77-acre lot provides ample space for development and expansion. This is an excellent opportunity for investors and developers seeking a high-traffic, high-visibility location in a desirable market.

    Property Features for 6116 Northwest Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    2,938 SF
    Lot Size
    33,541 SF

    HighLights

    • High‑density retail corridor with national tenants including McDonald's, Target, and Kohl's.
    • Located in an affluent community with average household incomes exceeding $107,400 annually.
    • High traffic counts on Northwest Hwy (29,500 VPD) and S. Main St (16,300 VPD).
    • Strong demographics with over 128,500 people within a 5‑mile radius.
    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 Hair Salon Auto Repair Shop 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
    -88.3170388
    Latitude
    42.2266119

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    FAQs

    What type of property is this?
    Restaurant - 0.77-acre vacant lot, 2938 SF building.
    Where is this restaurant located?
    The property is located at 6116 Northwest Hwy Crystal Lake, IL.
    What are key features of this property?
    This property features: High-density retail corridor with national tenants including McDonald's, Target, and Kohl's.; Located in an affluent community with average household incomes exceeding $107,400 annually.; High traffic counts on Northwest Hwy (29,500 VPD) and S. Main St (16,300 VPD).
    Request Owner's contact information
    6116 Northwest Hwy 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
    6116 Northwest Hwy Crystal Lake, IL 60014
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