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3504 S Virginia 25,988 SF Vacant Industrial Building Crystal Lake, IL 60014 For Sale

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INVESTMENT HIGHLIGHTS

  • 3504 S Virginia Road presents users and investors with a 10-acre truck terminal improved with four freestanding warehouses totaling 25,988 SF.
  • This prime location is within five minutes of Highway 31 and 14, 20 minutes of I-90, and 40 minutes of the Chicago O’Hare International Airport.
  • 5-mile daytime employment of over 54,000, with 34% employed in trade, transportation, utility, and manufacturing segments.
  • Property boasts convenient points of ingress and egress, a 15’ clear height, prominent signage opportunities, and 16 total drive-in doors.
  • Sits near major area manufacturing and logistics employers, including Stryker, Snap-on Tools, Medela, Knaack, and Aptar Group.
  • Within five minutes of national brands including Target, Sam’s Club, Best Buy, Aldi, Petco, Kohl’s, Planet Fitness, and many more.

EXECUTIVE SUMMARY

Meet the growing demand of a booming industry with the flexible industrial campus, including several freestanding warehouses and a large truck terminal at 3504 S Virginia Road in Crystal Lake, Illinois. The easily accessible 10-acre lot sits along the Virginia Road industrial corridor, placed just five minutes from Highways 31 and 14, and within 20 minutes of Interstate 90. The property, totaling 25,988 square feet, was originally constructed in 1989 and improved with four warehouses. The campus is equipped with desirable features, including a 15-foot clear height, a total of 16 drive-in doors, and opportunities for highly visible tenant or building signage.

Users and investors will benefit from this exceptional opportunity. The property allows a manufacturing or logistics business to secure vital space for its operations within a performing industrial hub. Investors will also find immense upside through the leasing of the buildings as individual suites or engaging a new monetization strategy for the gravel lot. Parking and storage scarcity has emerged as the primary challenge for the industry across the country, with the American Trucking Associations and Owner-Operator Independent Drivers Association citing that 98% of drivers report problems finding safe parking. The terminal at 3504 S Virginia Road provides badly needed supply in a region with constant demand, allowing investors to capture strong local market trends. McHenry County’s Industrial Submarket has displayed declining vacancy rates, already below the greater market, falling 4.3% year over year, and rents jumping 22.8% over the past three years.

3504 S Virginia Road is strategically located within the main industrial node of Crystal Lake, a thriving exurban and suburban enclave located 45 miles northwest of Chicago and the largest city in the McHenry collar county. The city is known as a critical hub for the manufacturing, metalworking, agriculture, and gravel mining industries. The terminal’s prime location places it near the city’s largest employers, including Styker, Snap-on Tools, Medela, Knaack, and Aptar Group. Employees of 3504 S Virginia Road will also enjoy quick access to Crystal Lake’s best shopping, dining, and recreation opportunities. The Crystal Lake Strip, the area’s primary retail corridor, is just five minutes away, with national brands like Target, Sam’s Club, Best Buy, Aldi, Petco, Kohl’s, Planet Fitness, and many more. In addition to the dozens of local parks, workers can quickly reach lush green spaces at the nearby Three Oaks Recreation Area, The Cary Country Club, Walnut Hollow Disc Golf, and fishing at Lake Defiance and the Fox River.

The combination of Crystal Lakes' relaxed suburban atmosphere and its position as a critical logistics hub has made the city a popular residential hub, offering a robust demographic profile in a 5-mile radius of 3504 S Virginia Road. The population of more than 146,000 provides daytime employment above 54,000, with over 34% employed in trade, transportation, utilities, or manufacturing segments, ensuring a stable talent pipeline of qualified employees. Locals enjoy an average household income exceeding $123,000 and 87% of residents currently own their homes, ensuring a high quality of life for workers.

Become the newest fixture of this thriving Chicago MSA industrial hub with a high-demand asset with additional upside at 3504 S Virginia Road.

MATTERPORT 3D TOURS

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SALE FLYER

MORE ATTACHMENTS

Crystal Lake BR

PROPERTY FACTS

Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Truck Terminal
Building Class B
Lot Size 10.00 AC
Rentable Building Area 25,988 SF
No. Stories 1
Year Built/Renovated 1989/1992
Parking Ratio 0.19/1,000 SF
Clear Ceiling Height 15’
No. Drive In / Grade-Level Doors 16
Zoning M - Truck Parking and Outside Storage Allowed

AMENITIES

  • Yard
  • Storage Space

ABOUT MCHENRY COUNTY

McHenry County is one of five collar counties of the Chicago metropolitan area. Over 60% of the county’s acreage is devoted to nature preserves and farming. Long known for its rural charm, McHenry County is currently experiencing rapid population growth rates as the exurban lifestyle explodes in popularity. As proof, despite its agricultural roots, the household median income is only 3% lower than Lake County’s and more than 17% more than Chicago’s overall household income.

Although most residents are employed in heavily office using industries, over 30% of residents work in the manufacturing, trade, transportation, and warehousing business sectors. Hardware retailer True Value leases almost 2 million square feet for warehousing (Harvard) and manufacturing (Cary) facilities, while medical device manufacturer Sage Products/Stryker occupies approximately 600,000 square feet in Cary. Just across the county line yet still in Huntley, are two warehouses at 1.2 million and 629,000 square feet, respectively, for the e-retailer giant Amazon.

Playing off these strengths, McHenry Community College in Crystal Lake hosts the annual Manufacturing Pathways Consortium meeting, where more than 200 local manufacturers and community partners come together to learn about technological advances and training for the manufacturing sector. The college is also building the Foglia Center for Advanced Technology and Innovation with a 2024 delivery date. To fill skills gaps for area employers, the center will offer courses in welding, fabrication, robotics, and mechatronics, plus a small business incubator.

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Chicago
2,705,994
47
1 h 6 m
Indianapolis
867,125
225
4 h 35 m
Detroit
672,662
326
6 h 17 m
Columbus
892,533
363
7 h 52 m
Nashville
669,053
512
9 h 48 m
Memphis
650,618
584
10 h 54 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
335,703
Total Labor Force
190,304
Unemployment Rate
3.94%
Median Household Income
$95,479
Warehouse Employees
36,976
High School Education Or Higher
93.10%
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 19-16-400-019
  • 19-16-200-003
  • 19-16-400-020
Land Assessment
$223,211 CAD
Improvements Assessment
$659,045 CAD
Total Assessment
$882,256 CAD

SALE ADVISOR

SALE ADVISOR

Daniel Ivanov, Industrial Real Estate Consultant
Industrial Real Estate Consultant at Dalani Group
  • Listing ID: 27078688

  • Date on Market: 2022-11-09

  • Last Updated:

  • Address: 3504 S Virginia, Crystal Lake, IL 60014

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