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    OFF-MARKET
    Land

    0000 Cor, Crystal Lake, IL 60014

    2.04 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.04-acre commercial land parcel presents a unique development opportunity in the Village of Lakewood, Illinois. Located at the southwest corner of Congress Parkway and Exchange Drive (APN 19-04-404-001), this property boasts 470 feet of frontage on Congress Parkway, offering excellent visibility and accessibility. The site is zoned B-2: General Commercial, making it suitable for a variety of uses, including medical, professional, or retail developments. A significant advantage is its proximity to the recently completed Residences of Crystal Lake apartment complex, ensuring a built-in customer base and strong potential for synergy. Utilities are readily available on-site, simplifying the development process. Furthermore, its convenient location offers easy access to a Metra station and a major shopping corridor, enhancing its appeal and attracting a diverse clientele. The property also benefits from off-site detention, addressing potential drainage concerns. This property represents a compelling investment opportunity, particularly given the recent drastic price reduction and tax decrease. The asking price is $250,000. Don't miss this chance to acquire a prime development site in a thriving location.

    Property profile
    Verified
    Property type Land
    Lot 2.04 ac (88,862 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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