BRONZE - Office/Warehouse in Crystal Lake, IL
Site Overview: 73,540 sq foot Office/Warehouse building with 197 parking stalls and high-tech infrastructure and utilities in place, close to area for business and regional amenities.
Zoning: Lot is annexed into the Village of Crystal Lake and zoned ML (Manufacturing Limited).
Utilities: Water and sewer is located on the lots, see attached map. Other utilities are available in the area.
Survey: See attached site plan
ECONOMIC DEVELOPMENT INCENTIVES
Please provide program descriptions and qualifying criteria (budgets, program timing, administrative body, clawbacks, etc.) for statutory and incentive programs for which this project is likely to qualify, including but not limited to the following:
• Grants The City is offering a $10,000 Manufacturer Job Creation & Investment Matching Grant towards equipment costs.
• Financial assistance or low-cost financing including development bonds The City of Crystal Lake can provide approximately $4,000,000 in tax exempt bonding authority.
• Sales Tax Incentive If the manufacturer will generate sales taxes through the sale of products from this location, the City can work with the manufacturer to rebate a portion of those taxes collected through our Enhanced Sales Tax Incentive Program.
Please call for additional information regarding this opportunity
Dan Jones, SIOR, Managing Broker
Dan Benassi, SIOR
Crystal Lake is located 50 miles northwest of Chicago, a short drive from O'Hare International Airport, near several major highways and interstates. The Union Pacific rail line provides easy access to Chicago. As a result, Crystal Lake residents enjoy the many employment, cultural and recreational opportunities of a major metro city, yet live in a pleasant, friendly, small-town atmosphere.