5214 State RteCrystal Lake, IL 60012

For Sale
$595,000

High-traffic, flexible commercial space with apartments.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional mixed-use property at 5214 State Route 31 in Crystal Lake, Illinois, presents a compelling investment opportunity. The 6,308-square-foot building, constructed in 1945, sits on a 17,472-square-foot lot (APN 14-34-201-006) and is zoned B. The property boasts 4,300 square feet of net rentable space, currently configured as a blend of office, retail, and warehouse areas. The warehouse component, totaling 1,500 square feet, features a 12-foot overhead door and is heated. The well-maintained office/retail space offers approximately 2,800 square feet of adaptable space, ideal for a variety of businesses. Adding to the investment potential, the building includes two rental apartments on the second floor, providing a consistent stream of rental income. Located on a high-traffic route with over 21,000 vehicles daily, this property offers excellent visibility and accessibility. The flexible layout allows for owner-occupancy with leasing of excess space or complete rental of the entire building. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving Illinois market. The asking price is $595,000, translating to $94.32 per square foot.

Highlights

  • 6,308 SF mixed-use building on a 17,472 SF lot in Crystal Lake, IL.
  • 4,300 SF of net rentable space, including 1,500 SF heated warehouse with 12' overhead door and 2,800 SF adaptable office/retail space.
  • Two second-floor apartments provide supplemental rental income.
  • High-traffic location (21,000+ VPD) on State Route 31 offers excellent visibility.
  • $595,000 asking price ($94.32/SF).

Property Details for 5214 State Rte

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
6,308 SF
Year Built
1945
Buildings
1
Stories
2
Units
3

Location Insight

City
Crystal Lake
County
McHenry
State
Illinois
Latitude
42.253374717172
Longitude
-88.286414359852
5214 State Rte, Crystal Lake, Illinois

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5214 State Rte
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