Property profile

1501 Carlemont Dr Crystal Lake, IL 60014

OFF-MARKET
Specialty properties
1.1 ac lot
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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

Location

1501 Carlemont Dr 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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