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- LoopNet Team
Rakow Rd
Crystal Lake, IL 60014
Land For Sale
·
8.41 AC
INVESTMENT HIGHLIGHTS
- New Development Opportunity in the Cary-Crystal Lake Trade Area.
- Huge Price Reduction: $1,750,000 ($4.90 PSF)
- Adjacent Office Warehouse lot can be added for a total of approx 10 Acres & additional access
- Located Across the street from Walmart & Pauly Toyota & Scion
PROPERTY FACTS
DESCRIPTION
New Development Opportunity in the Cary-Crystal Lake Trade Area 8.414 Acres on the signalized hard corner of Route 31 and Rakow Road POTENTIAL USES Restaurant, Multi-tenant Retail, Auto Dealership,Industrial, Office,Senior Housing, Residential TRAFFIC • 945 feet of frontage on Route 31 with 16,400 vehicles per day • 400 feet of frontage on Rakow Road with 17,999 vehicles per day Sites back up to existing Industrial/warehouse to the West • Unique opportunity to join newly developed Walmart, Pauly Toyota, BMO Harris Bank, Verizon, and Starbucks at the busy intersection of Rakow Road and Route 31 serving the Crystal Lake and Cary markets. • 2 parcels totaling ± 8.414 Acres • Zoned B-2 PUD • Taxes payable in 2016 = $15,590 DEMOGRAPHICS (2015) 1 Mile 3 Miles 5 Miles • Total Population 3,867 50,025 132,682 • Median HH Income $79,355 $77,698 $89,603
