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    OFF-MARKET
    Commercial real estate

    5804 Terra Cotta Rd, Crystal Lake, IL 60014

    3.85 ac lot
    Property ID
    US28-5901906
    Property summary
    AI-generated overview

    This exceptional 3.85-acre parcel, located at 5804 Terra Cotta Rd, Crystal Lake, IL 60014, presents a compelling investment opportunity. Currently zoned for single-family residential use, this property offers significant potential for redevelopment. The four adjacent single-family zoned parcels provide an opportunity for a larger-scale project. The site's proximity to both middle and high schools within a one-mile radius adds to its appeal. The land itself is gently sloped and features tree lines along its northern and western boundaries, offering a degree of natural screening and aesthetic appeal. The location in McHenry County, Illinois, provides access to established infrastructure and amenities. Given its size and zoning, this property is well-suited for various development scenarios, making it an attractive proposition for builders, developers, or investors seeking a prime location for residential construction. The asking price is $999,999. Serious inquiries are encouraged to explore the possibilities of this unique land offering. The property's potential for rezoning, given its adjacency to multifamily properties, should be considered a key factor in evaluating its long-term value.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3.85 ac (167,706 SF)
    UPID US28-5901906
    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
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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