Property profile

0000 Cor Crystal Lake, IL 60014

OFF-MARKET
Land
2.04 ac lot
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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

Location

0000 Cor Crystal Lake, IL 60014
Crystal Lake metro
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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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