7502 Main StCrystal Lake, IL 60014

  • Industrial properties
  • 9.08 AC
For Sale
$2,250,000 View listing

Property Details for 7502 Main St

Lot size
9.08 AC
Property type
Industrial properties
Property subtype
Other industrial properties
APN
19-09-100-029
APU
1909100029

Description

Exceptional 9.08-acre commercial land parcel in Crystal Lake, IL, available for $2,250,000. This property boasts a prime location adjacent to the Three Oaks Recreation Center, featuring a wakeboard park, beaches, marina, restaurants, picnic pavilions, and walking trails. The high-traffic area sees 14,800 vehicles daily on Main Street, 9,450 on Virginia Road, and 26,630 on James R Rankow Road, presenting significant development potential. The City of Crystal Lake actively encourages mixed-use development, including retail, restaurants, hotels, entertainment, and residential options. The property's APN is 19-09-100-029, and the annual property taxes are $24,777. This presents a unique opportunity for investors seeking high-visibility commercial development in a thriving recreational area. The property's zoning and potential uses should be verified independently. Contact us today to explore this exceptional investment opportunity.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $81,744,696
    Hospitality
    $74,877,696
    Educational
    $62,297,368
    Medical
    $64,439,868
    Retail
    $96,907,016
7502 Main St, Crystal Lake, Illinois
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Location Insight

City
Crystal Lake
County
Mchenry
State
Illinois
Latitude
42.2205
Longitude
-88.3146
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$28,753
$281,833
-
$281,833
-
$845,499
-
$845,499

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