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5850 S State Route 31 5.72 Acres of Commercial Land Offered at $1,500,000 in Crystal Lake, IL 60014
INVESTMENT HIGHLIGHTS
- 33,400 vpd on Route 31, 17,700 bpd on Route 176.
- +/- 5.72 acres, divisible to +/- 1 acre.
- B-2 Commercial PUD.
EXECUTIVE SUMMARY
Why Crystal Lake?
• Annual retail sales exceed $1.4 billion, highest retail sales within a 10-mile radius
• Top 20 retail market in the Chicagoland area.
• Strong Average Household income of $106,989
• Business Friendly Community with numerous incentives available
• Low property tax rate for the area of only 1.048%
Strategic Advantages of the Location
High Visibility and Accessibility: Situated along Route 31, the site offers excellent visibility and access, attracting significant vehicular traffic.
Proximity to Residential Developments: The area is experiencing residential growth, including projects like the 304-unit Redwood townhomes and the 99-unit Enclave development, indicating a rising customer base.
Proximity to New Hospital: The new $105 million MercyHealth Medical center is located less than 2 miles south of the property on Route 31
Improvements In Place: With sewer and water at the site, mass grading complete, detention provided, and turn lanes constructed this property is ready to develop with significant cost savings over a “raw” parcel
Ideal Uses/Retail Gaps
While Crystal Lake has attracted a variety of national and regional retailers, certain sectors remain underrepresented, presenting opportunities for new entrants
Entertainment and Leisure: The area lacks venues such as family entertainment centers, cinemas, and indoor recreational facilities, which could cater to families and young adults seeking local leisure options.
Specialty Grocery Stores: Although the area hosts several grocery chains, there is room for specialty grocers focusing on organic, international, or gourmet products to serve niche markets.
Home Improvement and Decor: With ongoing residential developments, retailers specializing in home furnishings, decor, and improvement supplies are seeing increasing demand from new homeowners.
Medical Office/Health and Wellness Services: The growing population and emphasis on healthy living suggest demand for wellness centers, spas, and alternative medicine clinics.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,500,000 | Lot Size | 5.72 AC |
| Price Per AC | $262,237.76 |
| Price | $1,500,000 |
| Price Per AC | $262,237.76 |
| Lot Size | 5.72 AC |
This ±5.72-acre commercial lot on Route 31 in Crystal Lake offers prime visibility, full access, and utilities on-site. Zoned B-2 Commercial PUD, it's ideal for retail, office, or restaurant use in a high-traffic area.
DESCRIPTION
Located in Crystal Lake, Illinois, this property sits along the bustling Route 31 corridor, just south of the Route 176 intersection. The area is a thriving commercial hub with strong traffic flow, drawing both local residents and commuters. Surrounded by established businesses, retail centers, and dining options, the location offers excellent visibility and accessibility. With major roadways nearby and a growing population, Crystal Lake provides a dynamic environment for commercial growth and development.
Presented by
5850 S State Route 31
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