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    OFF-MARKET
    Land

    4220 Northwest Hwy, Crystal Lake, IL 60014

    1.37 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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