1295 Randall Rd Crystal Lake, IL 60014
- Commercial real estate
- 1.32 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1295 Randall Rd
- Lot size
- 1.32 lot acres
- Property type
- Commercial real estate
- APN
- 19-18-282-005
- APU
- 1918282005
Description
This exceptional retail opportunity is located at 1295 N Randall, a high-traffic location boasting over 30,000 vehicles per day near Crystal Lake South H.S. The property, built in 2008, comprises a 16,592 square foot building with ample lighted parking and monument signage. Currently, there are several available spaces: Unit 101, a 1,620 square foot end cap with a drive-thru service window and one bath, ideal for quick-service restaurants; Unit 106-108, a 3,012 square foot former gym space featuring a waiting area, large open space (expandable to 47' x 33'), reception desk, two locker rooms, break room, two baths, and storage; and Unit 109, a 1,081 square foot inline space with two plumbing hook-ups and one bath. Units 106-108 and 109 can be combined to create a 4,093 square foot space. The property is zoned B1 and features 200 amp power. The building has a total of 50 parking spaces. This vibrant shopping center benefits from a strong tenant mix including CVS, Nancy's Pizza, Salon Mackk and Co., Jalsa Bar and Restaurant, Andy's Burritos, and Hair and Art. Lease rates are net-net-net (NNN): Unit 101 is $22 per square foot, totaling $4,064 monthly; Unit 106-108 is $18 per square foot, totaling $6,551 monthly; and Unit 109 is $20 per square foot, totaling $2,531 monthly. The property's APN is 19-18-282-004. This is a prime location with excellent visibility and strong surrounding demographics.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,790,000
- 6.5%
- $3,220,000
- 7%
- $2,675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,475,000
- Geo Method
- $2,855,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,095,000
- Retail
- $2,900,000
- Mixed-Use
- $3,215,000
- Hospitality
- $2,695,000
- Educational
- $2,930,000
- Residential Income
- $3,340,000
- Energy
- $3,500,000
- Income-Based Land
- $3,075,000
- Food Service
- $2,835,000
Location Insight
- Map
- Local Demand
- City
- Crystal Lake
- County
- Mchenry
- State
- Illinois
- Longitude
- -88.3352
- Latitude
- 42.2062
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
