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    1501 Carlemont Dr, Crystal Lake, IL 60014

    1.1 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1-acre lot, situated on the soon-to-be signalized hard corner of Randall Rd and Alexandra Blvd in Crystal Lake, IL (60014), presents a unique investment opportunity. The property boasts a highly desirable B2 General Commercial zoning, allowing for a variety of uses. With over 38,000 vehicles passing daily, this location benefits from excellent ingress and egress. The surrounding area demonstrates strong demographics, including a 3-mile population of 71,000 with a high daytime population (59%) of residents aged 16 and older and a low unemployment rate (2.4%). The average income within a 3-mile radius is $127,000, reflecting a robust consumer base. The site is conveniently located near mid-to-high-end residential areas, high schools, churches, and numerous national retailers and restaurants, including Target, Lowe's, Costco, Trader Joe's, Dick's Sporting Goods, and more. Utilities are available on-site, and off-site detention is provided. This is an ideal location for an express car wash, capitalizing on the high traffic volume and strong local demand. The property is part of a larger development encompassing additional commercial spaces.

    Property profile
    Verified
    Property type Specialty properties
    Lot 1.1 ac (47,916 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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