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1540 Carlemont Dr Crystal Lake, IL 60014

Commercial real estate Google Maps
2,716 SF Built 2007
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$270k
Range $243k – $297k (±10%)
Property ID US28-1530777

Property summary

AI-generated overview

This exceptional 3,950 square foot retail space, located at 1540 Carlemont Dr, Unit F, in McHenry County's Randall North Business Center, presents a unique investment opportunity. Situated on a highly visible corner lot with easy access to the bustling Randall Road corridor, this property boasts a prime location for a thriving business. The suite is fully built out and ready for immediate occupancy as a tattoo studio, having undergone a complete renovation in 2019. The space benefits from a non-compete clause, ensuring it remains the only tattoo shop within the association, guaranteeing a strong market position. The property features ample parking with 217 spaces available for customers and staff. The zoning is Commercial-B-3, and the APN is 1918479024. Taxes are $1.90 per square foot. This turnkey operation is ideal for an investor seeking a stable, high-demand tenant or an owner-operator looking to establish a successful tattoo business. The property's exceptional condition and strategic location make it a truly compelling investment opportunity. The single-tenant occupancy simplifies management, and the existing build-out eliminates the need for costly renovations. This is a rare chance to acquire a well-established and profitable business in a thriving commercial area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2007
Total area 2,716 SF
APN 19-18-479-024
UPID US28-1530777

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2024
Last sale
$270,000
7 recorded transactions
2024
$270,000
2016
$201,675
2015
Price N/A
2009
$517,000
2009
Price N/A
2007
$254,980
2007
Price N/A

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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