Retail Space in Crystal
6116 Northwest Hwy Crystal Lake, IL 60014
6116 Northwest Hwy, Crystal Lake, IL, 60014
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For Sale
Contact for pricing
Vacant retail space with 2,938 SF on 0.77 acres.
Property Size2,938 SF
Lot Size0.77 Acres
Price / SF$331.86
Days on Market710
Property Features for 6116 Northwest Hwy
General Information
- Standard status
- Active
- Size
- 2,938 SF
- Lot size
- 0.77 Acres
- Property subtype
- Retail
Listing Agency
SURMOUNT
(332) 345-4222
Listed by
Glen Kunofsky · License #NY 49KU1129178
Source
Crexi
Added: Aug 9, 2024 Checked: Jul 17 at 8:53 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
This property features a vacant retail space located at 6116 U.S. 14, Crystal Lake, IL 60014. The building offers approximately 2,938 rentable square feet of space and is situated on an estimated 0.77-acre parcel of land.
Key Highlights
- Vacant property allows for immediate occupancy and customization.
- Located at 6116 U.S. 14, Crystal Lake, IL 60014.
- Approximately 2,938 rentable square feet of building space.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.1k | $15.00 |
| − Vacancy | −$3.6k | −$1.22 |
| EGI | $40.5k | $13.79 |
| − OpEx | −$12.2k | −$4.14 |
| NOI | $28.4k | $9.65 |
2,938 SF · lease $15.00/SF/yr · vacancy 8.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$405.0K
$354.4K – $472.5K
NOI $28,350 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$887.6K – $1.18M
NOI $71,005 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Vacant retail space with 2,938 SF on 0.77 acres.
Where is this retail space located?
The property is located at 6116 Northwest Hwy Crystal Lake, IL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Vacant property allows for immediate occupancy and customization.; Located at 6116 U.S. 14, Crystal Lake, IL 60014.; Approximately 2,938 rentable square feet of building space.
