5214 State RteCrystal Lake, IL 60012

Property Details for 5214 State Rte

Year built

1945

Property size (Sq ft)

6,308 SF

Property type

Mixed-use properties

Description

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.

Location Insight

City

Crystal Lake

County

McHenry

State

Illinois

Latitude

42.2534

Longitude

-88.2864

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