394 Virginia StCrystal Lake, IL 60014

Property Details for 394 Virginia St

Year built

2004

Lot size

0.32 AC

Property size (Sq ft)

4,226 SF

Property type

Commercial real estate

APN

19-05-154-012

APU

1905154012

Description

This exceptional 4,226 square foot free-standing restaurant is available for sale in Crystal Lake, Illinois. Built in 2004 and extensively renovated in 2020, this owner-user investment opportunity boasts a prime location on busy Route 14, experiencing 30,000 cars daily. The property sits on a 0.82-acre lot and is zoned B2, perfectly suited for its current use. The restaurant features 115 seats in the main dining area and an additional 20 seats at the full bar. Ample parking is provided with 40 spaces. Other key features include prominent monument signage, a full basement offering significant storage and potential for expansion, and all necessary restaurant equipment is included in the sale price of $1,200,000 ($283.96 per square foot). The property's Assessed Parcel Number (APN) is 19-05-154-012, 011. This is a rare opportunity to acquire a thriving, well-established restaurant in a high-traffic area with excellent visibility. The net lease structure offers significant potential for return on investment. The single-tenant occupancy simplifies management and ensures consistent income. This turnkey operation is ready for immediate occupancy and continued success. The property address is 394 W Virginia St, Crystal Lake, IL 60014.

• Alternative Use

  Use

  Valuation

  Residential

  $873,404

  Hospitality

  $800,033

  Educational

  $665,618

  Medical

  $688,510

  Retail

  $1,035,406

Location Insight

City

Crystal Lake

County

Mchenry

State

Illinois

Latitude

42.2335

Longitude

-88.3351

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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