Property profile

4220 Northwest Hwy Crystal Lake, IL 60014

OFF-MARKET
Land
1.37 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 1.37 ac (59,677 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4220 Northwest Hwy Crystal Lake, IL 60014
Crystal Lake metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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