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    OFF-MARKET
    Commercial real estate

    448 Terra Cotta Ave, Crystal Lake, IL 60014-3438

    3,334 SF 0.9 ac lot Built 1952
    Entity Owned ~ Est. High Equity
    Property ID
    US28-0052881
    Property summary
    AI-generated overview

    This exceptional two-story office building, constructed in 1952, presents a unique opportunity for owner-users or investors. Located on a prominent 0.9-acre lot along IL Route 176, the property boasts a total of 3,334 square feet across two suites. Currently, 1,300 square feet of readily available space is perfectly suited for a variety of professional office or service businesses. The existing layout includes three private offices, a reception/waiting area, and an open workspace, offering flexibility for customization. The building's B2 PUD zoning allows for potential expansion, capitalizing on the substantial land area. This prime location benefits from its proximity to a thriving mixed-use neighborhood, featuring established national and reputable retailers and restaurants. The surrounding area boasts a high-income demographic, with average household incomes exceeding $119,197 within a three-mile radius. The property is a single-tenant building, offering a unique opportunity for a business seeking a prominent location with ample space and growth potential. While there are no elevators, the two-story building offers convenient access. This is an ideal investment for those seeking a strong foothold in a desirable commercial area.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1952
    Total area 3,334 SF
    Lot 0.9 ac (39,204 SF)
    APN 14-31-276-038
    UPID US28-0052881
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Leonard Manor Realty LLC
    Leonard Manor Realty LLC
    since 2025
    Last sale
    $365,000
    7 recorded transactions
    2025
    $365,000
    2008
    $385,000
    2008
    2003
    $275,000
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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