290 Congress Pkwy, Crystal Lake, IL 60014-6268
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.