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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1501 Carlemont Dr Crystal Lake, IL 60014

2,500 SF
Property ID
Property summary
AI-generated overview

This exceptional development opportunity presents three ground lease or for-sale lots totaling six acres at the highly visible intersection of Randall Road and Alexandra Boulevard in Crystal Lake, Illinois. The site boasts impressive daily traffic counts exceeding 38,000 vehicles and benefits from excellent ingress/egress, soon to include a fully signalized hard corner. This location offers unparalleled access to a substantial population base of over 71,000 within a three-mile radius, exhibiting a high daytime population (59% aged 16 and older) and a low unemployment rate of 2.4%. The average household income within this radius is a strong $127,000. The site's strategic location is further enhanced by its proximity to a mix of mid-to-high-end residential areas (apartments and single-family homes) within walking distance, along with nearby high schools and churches. Numerous national retailers and restaurants, including Target, Lowe's, Costco, Trader Joe's, and more, are located within minutes, ensuring high visibility and customer traffic. Two approximately one-acre lots are ideally suited for quick-service restaurants with drive-thrus, while a third one-acre lot is designated for an express car wash. All utilities are available on-site, and off-site detention is provided. This is a rare opportunity to establish a presence in a thriving and densely populated area with exceptional demographics and convenient access to major roadways and amenities. The site is currently in the final planning phases, offering a unique chance to secure a prime location in a rapidly developing commercial corridor. The available space for the QSR lots ranges from 2,500 to 4,000 square feet.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,500 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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