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Property profile & analytics
OFF-MARKET
Industrial properties
15 Morgan St, Crystal Lake, IL 60014-4468
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-0041018
Property summary
AI-generated overview
This ±2,670 square foot light industrial warehouse space is available for lease in a multi-tenant building located in Crystal Lake, McHenry County. The unit, designated as Unit 2, is part of a larger 9,679 square foot building constructed in 1942. It features a single story with a 9-foot ceiling height and is conveniently located near downtown Crystal Lake and Route 176, offering easy access to major transportation routes. The space includes one drive-in door (8'x9') and a recently updated bathroom. The warehouse is heated and is serviced by 200 amp 3-phase power. The property is zoned ML (the specific meaning of this zoning designation is not provided here). The assessed parcel number (APN) is 14-33-381-009. The monthly rent is $2,002.50, which is a gross lease including common area maintenance (CAM) and property taxes. This space is perfect for contractors, small trades businesses, or storage needs. The property offers a convenient and functional space for various light industrial uses. Serious inquiries only.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1942
Construction
FRAME
Total area
9,679 SF
Lot
0.94 ac (40,946 SF)
APN
14-33-381-009
UPID
US28-0041018
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Marcia Equity Management LLC · 2 yrs held
Marcia Equity Management LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Crystal Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crystal Lake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,288
Tax year 2022
Assessed value
$61,660
Assessed 2022
Previous assessed
$61,660
+0.0% YoY
Effective rate
10.20%
On assessed value
Assessed land
$35,072
Assessed improvement
$26,588
Land market value
$105,216
Improvement market value
$79,764
Total market value
$184,980
Applied tax rate
14,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1942
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
9,679 SF
Lot
0.94 ac (40,946 SF)
APN
14-33-381-009
UPID
US28-0041018
Jurisdiction
MCHENRY
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1942
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Marcia Equity Management LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 515, CRYSTAL LAKE, IL 60039-0515
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
—
Marcia Equity Management LLC
Crp Redux LLC
Warranty Deed
—
Oct 27, 2021
$185,000
Crp Redux LLC
The Chicago Trust Company NA
Deed
—
Aug 12, 2004
$416,000
Trust Lft 1953
Trust 8273
Grant Deed
related
$332,600 · Crystal Lake Bank & Trust Co
Jun 1, 2000
—
Greatbank Trust Co Trustee
Rorer,daniel & Mary R
Grant Deed
related
—
May 5, 2000
$320,000
Daniel Rorer
Harris Bank Barrington NA Ttee
Grant Deed
$256,000 · Greatbank NA
—
—
Harris Bank Barrington NA
—
Deed Of Trust
related
$235,000 · Harris Bank Barrington NA
—
—
Greatbanc,tr
—
Deed Of Trust
related
$233,500 · American Eagle Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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