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Investment Highlights

  • Located at a signalized intersection with visibility along Illinois Route 176.
  • Ample on-site parking and pole signage enhance accessibility and business exposure.
  • Flexible zoning and permitted use options support a variety of retail, office, service, and specialty commercial users.
  • Multi-tenant configuration provides opportunities for owner-users, investors, or businesses seeking expansion space.

Executive Summary

3103 Illinois Route 176 presents an opportunity to acquire a multi-tenant retail center positioned at a signalized intersection in Prairie Grove, Illinois. The property consists of a five-unit retail center with a mix of occupied and vacant space, offering flexibility for an owner-user, investor, or value-add repositioning strategy. The center includes a restaurant tenant with a drive-thru operating on a month-to-month lease, while the remaining vacant units provide opportunities for lease-up and future income growth.
The property's layout supports a variety of permitted commercial uses, including retail, office, and fitness-related operations. Special use allowances include automotive sales and service, veterinary clinics, and dog kennels, creating flexibility for future tenancy and business concepts. A former car wash space includes four drive-in doors, and equipment has been removed, allowing for redevelopment or adaptation to a range of commercial uses.
Located along Illinois Route 176 at a signalized intersection, the property benefits from visibility, accessibility, and established traffic patterns. Ample on-site parking and pole signage further enhance exposure for tenants and visitors. The combination of existing tenancy, vacant space, flexible zoning, and seller financing consideration creates multiple pathways for investment and operational value creation.

Taxes & Operating Expenses (Actual - 2025) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
12,343 SF
Building Class
B
Year Built
2014
Price
$1,399,000
Price Per SF
$113.34
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
2.06 AC
Zoning
B - commercial
Parking
47 Spaces (3.81 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Signalized Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 10,575 SF
  • Retail
  • In-Line
  • Now

This multi-tenant retail center offers flexible leasing opportunities within a highly visible commercial property located at a signalized intersection along Illinois Route 176. Multiple vacant units are available, including a former salon space and a larger former car wash location featuring four drive-in doors with equipment removed, providing adaptability for a variety of business operations. Permitted uses include retail, office, and fitness-related concepts, while special use allowances support automotive-related businesses, veterinary services, and pet-oriented operations. The property's configuration allows tenants to customize space for a range of commercial applications while benefiting from established access and visibility. The center includes ample parking, pole signage, and convenient ingress and egress for customers and employees. Existing tenancy within the center contributes to ongoing commercial activity, while the surrounding trade area provides access to nearby residential neighborhoods and consumer traffic. The combination of visibility, parking, flexible use options, and multiple available configurations makes the property suitable for a wide variety of retail, service, office, and specialty users.

Space Size Space Use Position Available
1st Floor 10,575 SF Retail In-Line Now

1st Floor

Size
10,575 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size 10,575 SF
Space Use Retail
Position In-Line
Available Now

This multi-tenant retail center offers flexible leasing opportunities within a highly visible commercial property located at a signalized intersection along Illinois Route 176. Multiple vacant units are available, including a former salon space and a larger former car wash location featuring four drive-in doors with equipment removed, providing adaptability for a variety of business operations. Permitted uses include retail, office, and fitness-related concepts, while special use allowances support automotive-related businesses, veterinary services, and pet-oriented operations. The property's configuration allows tenants to customize space for a range of commercial applications while benefiting from established access and visibility. The center includes ample parking, pole signage, and convenient ingress and egress for customers and employees. Existing tenancy within the center contributes to ongoing commercial activity, while the surrounding trade area provides access to nearby residential neighborhoods and consumer traffic. The combination of visibility, parking, flexible use options, and multiple available configurations makes the property suitable for a wide variety of retail, service, office, and specialty users.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
14-26-476-015
Land Assessment
$137,680 (2024)
Improvements Assessment
$155,606 (2024)
Total Assessment
$293,286 (2024)
Annual Taxes
($12,343) (($1.00)/SF)
Tax Year
2025
  • Listing ID: 41361484

  • Date on Market: 7/20/2026

  • Last Updated:

  • Address: 3103 Il Route 176, Crystal Lake, IL 60014

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