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8550 Ridgefield Rd Crystal Lake, IL 60012-2800

OFF-MARKET Commercial real estate Google Maps
50,000 SF 9.49 ac lot Built 1999
Individually Owned 15-yr Hold ~ Est. High Equity
Estimated value (blended)
$880k
Range $792k – $968k (±10%)
Property ID US28-2680021

Property summary

AI-generated overview

This exceptional commercial property, located at 8550 Ridgefield Road in Crystal Lake, Illinois (60012), offers a unique opportunity for businesses seeking flexible office space. The property, situated on 3.4 acres of land, comprises a 7,000 square foot, two-story building constructed in 1985 and zoned B1. Currently, 3,500 square feet of space is available for lease, divisible into a minimum of 3,500 square feet and a maximum contiguous space of 3,500 square feet. The building features a total of two suites. The available space is located in the lower level, an English basement, and is thoughtfully designed with several private offices, a conference room, flexible workspace, a kitchen, and an equipment room. The building offers 8-foot ceilings and ample parking with 20 spaces. The property's convenient location off US Highway 14 provides excellent accessibility. This Class C building is ideal for businesses seeking a blend of traditional and creative office space, with short-term or long-term lease options available. The property's McHenry County location, within the Crystal Lake submarket, offers a strategic advantage for businesses seeking a presence in this thriving area. The parcel number is 13-25-126-008. No elevators are present in the building.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1999
Total area 50,000 SF
Lot 9.49 ac (413,384 SF)
APN 13-25-126-007
UPID US28-2680021

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.33M
Blend (final) Blend
$880k

Owner & transaction history

since 2011
4 recorded transactions
2011
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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