31 State Rte Crystal Lake, IL 60012
This exceptional 7.5-acre commercial land parcel presents a unique development opportunity in Crystal Lake, Illinois. Ideally situated on State Route 31, just north of State Route 176, this property boasts approximately 300 feet of frontage on a high-traffic roadway with an impressive 22,900 vehicles passing daily, according to IDOT reports. Located within Crystal Lake's corporate limits, the site's PUD zoning allows for a variety of development options, including medical/office buildings, multi-family residences, or senior housing. The rolling topography adds to the site's appeal, offering a unique development opportunity. The parcel's APN is 1427376006. The asking price for this prime commercial land is $499,500. This property has been held by the sellers for an extended period and they are motivated to sell. This is an excellent chance to acquire a significant piece of land in a thriving location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.