Property profile

1501 Carlemont Dr Crystal Lake, IL 60014

OFF-MARKET
Land
1.06 ac lot
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Property summary

AI-generated overview

This exceptional commercial land opportunity in Crystal Lake, Illinois, presents two parcels totaling approximately 1.06 to 1.23 acres, ideally situated on Carlemont Drive. The property boasts a highly desirable B2 General Commercial zoning, allowing for a wide range of development possibilities. This location benefits from its proximity to Randall Road, a major thoroughfare with over 43,000 vehicles per day, ensuring high visibility and accessibility for any business. The area is further enhanced by the presence of multiple big-box retailers, creating a strong synergy and attracting significant consumer traffic. A planned new traffic light will further improve access and visibility. The property offers multiple access points, adding to its convenience and appeal. This is a rare opportunity to acquire land in a thriving commercial area with an approved Planned Unit Development (PUD). Additionally, a multi-tenant retail building with a drive-thru, encompassing approximately 17,873 square feet, is also available on a separate lot. This presents a unique chance to acquire land for development or an existing building with excellent potential. The property is located in McHenry County, Illinois, with the address being 1501 Carlemont Dr, Crystal Lake, IL 60014. Don't miss this chance to invest in a prime commercial location with significant growth potential.

Property profile

Verified
Property type Land
Lot 1.06 ac (46,174 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
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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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