1501 Carlemont Dr, Crystal Lake, IL 60014
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.
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.