Current Use by Public Records
- Mixed-use properties
Property Details for 5214 State Rte
- Year built
- 1945
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property at 5214 State Route 31 in Crystal Lake, Illinois, presents a compelling investment opportunity. The 6,308-square-foot building, constructed in 1945, sits on a 17,472-square-foot lot (APN 14-34-201-006) and is zoned B. The property boasts 4,300 square feet of net rentable space, currently configured as a blend of office, retail, and warehouse areas. The warehouse component, totaling 1,500 square feet, features a 12-foot overhead door and is heated. The well-maintained office/retail space offers approximately 2,800 square feet of adaptable space, ideal for a variety of businesses. Adding to the investment potential, the building includes two rental apartments on the second floor, providing a consistent stream of rental income. Located on a high-traffic route with over 21,000 vehicles daily, this property offers excellent visibility and accessibility. The flexible layout allows for owner-occupancy with leasing of excess space or complete rental of the entire building. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving Illinois market. The asking price is $595,000, translating to $94.32 per square foot.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crystal Lake
- County
- McHenry
- State
- Illinois
- Longitude
- -88.2864
- Latitude
- 42.2534
