1450 Virginia Rd Crystal Lake, IL 60014
- Commercial real estate
- 30.48 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1450 Virginia Rd
- Lot size
- 30.48 lot acres
- Property type
- Commercial real estate
- APN
- 19-16-400-017
- APU
- 1916400017
Description
This exceptional 2.5-acre industrial property, located at 1450 S Virginia Road in Crystal Lake, Illinois, presents a unique opportunity for businesses seeking ample space for equipment storage or truck parking. Situated in McHenry County (zip code 60014), this single-tenant property offers significant potential. The land itself comprises approximately 2.5 acres, providing substantial room for various industrial uses. The property is classified as Industrial, Land, with subtypes including Commercial, Storage, IOS, and Equipment Storage, making it suitable for a wide range of applications. The total building square footage is listed as 1 square foot, indicating that the primary value lies in the expansive land area. This presents a blank canvas for development or immediate use as a secure storage facility. Given its size and location, this property is well-suited for businesses requiring extensive outdoor storage space for equipment, vehicles, or materials. The property's single-tenant status offers simplicity and control. Its strategic location in Crystal Lake, Illinois, provides convenient access to major transportation routes, further enhancing its appeal to businesses seeking efficient logistics and distribution capabilities. This is a rare opportunity to acquire a substantial parcel of land in a desirable industrial area. The property is ready for immediate use or future development, making it an attractive investment for discerning buyers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $895,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,290,000
- 6.5%
- $1,215,000
- 7%
- $1,130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,060,000
- Geo Method
- $1,390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,120,000
- Retail
- $1,180,000
- Mixed-Use
- $1,065,000
- Hospitality
- $1,205,000
- Educational
- $1,290,000
- Residential Income
- $1,190,000
- Energy
- $1,225,000
- Income-Based Land
- $1,220,000
- Food Service
- $1,270,000
Location Insight
- Map
- Local Demand
- City
- Crystal Lake
- County
- Mchenry
- State
- Illinois
- Longitude
- -88.3025
- Latitude
- 42.2002
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
