For Sale
$1,500,000

338 Memorial Dr Crystal Lake, IL 60014

8,032 SF Office Building, 3 Units

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional owner-user or investment opportunity presents a single-story, 8,032 square foot office building situated at 338 Memorial Drive in Crystal Lake, Illinois, 60014. Built in 1996, the property is zoned M PUD and features three units, with two currently leased. A significant advantage is the availability of a vacant 1,871 square foot unit, ideal for an owner-occupier or additional lease income. The asking price is $1,500,000, translating to a price per square foot of $186.75. The building boasts a full basement offering 1,773 square feet of garage space, providing ample storage or additional workspace. This multi-tenant building presents a compelling opportunity for investors seeking a stable income stream with potential for growth through leasing the vacant unit. The property's location in Crystal Lake, McHenry County, offers convenient access to major transportation routes and local amenities. This is a rare chance to acquire a well-maintained, established office building in a desirable location. The property's solid construction and established tenant base make it an attractive investment for both owner-users and investors seeking a strong return on investment. Serious inquiries are encouraged.

Highlights

  • $1,500,000 asking price for this 8,032 square foot office building.
  • Located at 338 Memorial Dr, Crystal Lake, IL 60014.
  • Traditional office building with three units, one currently vacant.
  • 1996 construction, single-story building with a full basement offering 1,773 SF of garage space.
  • M PUD zoning.
  • Broker co-op available.

Property Details for 338 Memorial Dr

Property type
Office properties
Square Feet
8,032 SF
Year Built
1996
Buildings
1
Stories
1
Units
3

Location Insight

City
Crystal Lake
County
McHenry
State
Illinois
Latitude
42.2331173
Longitude
-88.3082605
338 Memorial Dr, Crystal Lake, Illinois

FAQs

What type of property is this?
Office property - 8,032 SF Office Building, 3 Units
Where is the office property located?
The property is located at 338 Memorial Dr Crystal Lake, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price for this 8,032 square foot office building.; Located at 338 Memorial Dr, Crystal Lake, IL 60014.; Traditional office building with three units, one currently vacant.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
338 Memorial Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message