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First Midwest Bank 170 N Il-31 4,156 SF of Retail Space Available in Crystal Lake, IL 60014
HIGHLIGHTS
- Excellent frontage and visibility along Illinois Route 31 (~34,400 VPD), a primary commercial corridor in the northwest suburbs
- Located in the heart of Crystal Lake’s retail corridor, surrounded by national and regional retailers, restaurants, and service providers
- Existing drive-thru with monument signage opportunities
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,156 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Positioned along the high-visibility corridor of Illinois Route 31, this 4,156 SF freestanding retail building offers a prime opportunity for businesses seeking a strategic location in Crystal Lake’s vibrant commercial landscape. Formerly a bank branch, the property features existing drive-thru infrastructure, ample on-site parking, and monument signage facing Route 31, which sees approximately 34,400 vehicles per day. The site benefits from direct access to major interstates and sits just 1.5 miles north of Crystal Lake’s dominant retail corridor, home to national anchors such as Walmart, Target, Sam’s Club, Menards, and Starbucks. Zoned B-3 (General Business District), the property is well-suited for a variety of retail, service, or food uses. Its proximity to the signalized intersection of Route 31 and Route 176 enhances traffic flow and accessibility. Surrounding demographics support strong consumer demand, with over 100,000 residents within a 5-mile radius and average household incomes exceeding $125,000. The area’s blend of residential density and retail synergy makes this location ideal for tenants seeking visibility, convenience, and market reach.
- Fully Built-Out as a Bank
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT FIRST MIDWEST BANK
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Old National Bank
- Bank
- 560
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Old National Bank | Bank | 560 | National |
PROPERTY FACTS
| Total Space Available | 4,156 SF | Year Built | 1994 |
| Property Type | Retail | Parking Ratio | 6.98/1,000 SF |
| Property Subtype | Bank | Cross Streets | Orchard Lane |
| Gross Leasable Area | 4,156 SF |
| Total Space Available | 4,156 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 4,156 SF |
| Year Built | 1994 |
| Parking Ratio | 6.98/1,000 SF |
| Cross Streets | Orchard Lane |
ABOUT THE PROPERTY
170 Illinois Route 31 is a 4,156 square foot freestanding retail building located along Illinois Route 31 in Crystal Lake, Illinois. Formerly a bank branch, the Property is zoned B-3: General Business District, and offers excellent exposure, ample parking on-site, drive-thru lanes, and monument signage along Route-31 (approx. 34,400 VPD). Located south of the signalized intersection at Illinois Route 31 and Illinois Route 176, the building benefits from strong traffic counts and direct connectivity to the region’s major interstates. The property sits approx. 1.5 miles north of Crystal Lakes' primary retail corridor, which is come to several national retailers including Walmart, Jewel-Osco, Mariano’s, Sam’s Club, Target, Menards, Home Depot, Kohl’s, Best Buy, Starbucks, Chick-fil-A, Culver’s, and Portillo’s, among others.
- Pylon Sign
- Signage
- Drive Thru
CONTACTS
-
Matt Tarshis -
Andrew Rubin -
Zack Pearlstein -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
Presented by
First Midwest Bank | 170 N Il-31
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