4220 Northwest Hwy, Crystal Lake, IL 60014
Two exceptional commercial land parcels totaling approximately 2.94 acres are available for sale in Crystal Lake, Illinois. Located at 4220 Northwest Hwy, this high-traffic location boasts a 4-way signalized intersection and is situated near the intersection of US Hwy 14 and IL Route 31, experiencing 20,700 cars daily. Lot 2 (APN 19-10-200-041), encompassing 1.57 acres, is priced at $895,000 ($13.09 per square foot) and offers lease options ranging from 1,200 to 9,000 square feet. Lot 3 (APN 19-03-452-001), spanning 1.37 acres, is listed at $695,000 ($11.65 per square foot) with lease options from 1,200 to 7,000 square feet. Both lots have drive-thru approval under the B-PUD zoning. This prime location offers unparalleled visibility and accessibility, situated adjacent to a new Casey's and in close proximity to numerous established businesses including Home Depot, Menards, U-Haul, Dunkin', Portillo's, Texas Roadhouse, Outback Steakhouse, PetSmart, Mercy Hospital, Boot Barn, and the Water's Edge Development Project. This presents a unique opportunity for businesses seeking high visibility and strong traffic counts in a thriving commercial area. The property's strategic location and development potential make it an ideal investment.
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
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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.