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    OFF-MARKET
    Land

    0 Colonial St, Crystal Lake, IL 60014

    1.7 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.7-acre commercial land parcel presents a unique development opportunity in Crystal Lake, Illinois. Located on Colonial Avenue, this property boasts 290 feet of frontage, offering excellent visibility and accessibility. The zoning is R-1, and the site benefits from municipal water and sanitary sewer services. A significant advantage is the existing on-site detention system, simplifying development plans. Furthermore, the property enjoys tax exemption due to prior Park District ownership. The strategic location provides convenient access via Colonial Avenue, with a stoplight-controlled intersection at Northwest Highway. High traffic counts are observed on nearby Illinois Route 31 (22,987 vehicles) and Northwest Highway (26,951 vehicles), ensuring high visibility for any future development. The asking price for this exceptional property is $114,900. This parcel is situated in McHenry County, Illinois, with the address listed as Colonial St, Crystal Lake, IL 60014. The property's coordinates are 42.22426376 latitude and -88.28884794 longitude. This presents a rare chance to acquire a well-positioned commercial lot with significant development potential in a thriving area.

    Property profile
    Verified
    Property type Land
    Lot 1.7 ac (74,052 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
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    CAP Approach CAP
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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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