6116 Northwest Hwy Crystal Lake, IL 60014
- Retail properties
- 2,938 SF
- 0.77 lot acres
Current Use by Public Records
- Retail properties
Property Details for 6116 Northwest Hwy
- Lot size
- 0.77 lot acres
- Property size
- 2,938 SF
- Property type
- Retail properties
Description
This exceptional redevelopment opportunity presents a prime 2,938 square foot building situated on a 0.77-acre lot at 6116 Northwest Hwy in Crystal Lake, Illinois, zip code 60014. Currently vacant, this property is ideally suited for a quick-service restaurant (QSR) tenant. The location boasts exceptional visibility and accessibility, situated within a dense retail corridor featuring numerous national brands including McDonald's, Little Caesars, Buffalo Wild Wings, Panera Bread, Five Guys, Pizza Hut, IHOP, Starbucks, 7-Eleven, Potbelly, Domino's, Target, Planet Fitness, Panda Express, Kohl's, Culver's, Jamba Juice, and Arby's. The site benefits from high traffic counts, with Northwest Highway seeing 29,500 vehicles daily and S. Main St recording 16,300 vehicles daily. This affluent community offers strong demographics, with over 128,500 individuals residing within a 5-mile radius and an average household income exceeding $107,400 annually. This property presents a unique chance to capitalize on a thriving retail environment and a strong consumer base. The 0.77-acre lot provides ample space for development and expansion. This is an excellent opportunity for investors and developers seeking a high-traffic, high-visibility location in a desirable market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crystal Lake
- County
- McHenry
- State
- Illinois
- Longitude
- -88.317
- Latitude
- 42.2266
