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