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    OFF-MARKET
    Commercial real estate

    290 Congress Pkwy, Crystal Lake, IL 60014-6268

    2.13 ac lot
    Entity Owned 9-yr Hold Free & Clear
    Property ID
    US28-5753566
    Property summary
    AI-generated overview

    This exceptional 2.1-acre commercial development site is ideally located at 290 Congress Parkway in Crystal Lake, Illinois (zip code 60014, APN 19-04-301-024), offering significant potential for various commercial ventures. The property boasts B-2 PUD zoning, allowing for a range of development options. Priced at $249,000 ($2.68/sq ft land value), this prime location provides convenient access to a major shopping corridor, the post office, Northwestern Fitness and Rehab Center, and Metra. Utilities are readily available on-site. A Phase I environmental assessment was completed in 2019, and detailed soil analysis, covenants, and design restrictions are available upon request. This corner lot, situated at the intersection of Congress Parkway and Memorial Drive, presents a unique opportunity for investors and developers seeking a well-positioned site in a thriving McHenry County community. The property's strategic location and favorable zoning make it an attractive investment prospect with significant upside potential. Don't miss this chance to acquire a highly desirable commercial land parcel in a rapidly growing area.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 2.13 ac (92,883 SF)
    APN 19-04-301-024
    UPID US28-5753566
    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
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    by Request
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    Owner & transaction history
    Usw Holding Co LLC · 9 yrs held
    Usw Holding Co LLC
    since 2017
    2 recorded transactions
    2017
    $225,000
    2016
    $200,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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