Crystal Lake has established itself as a prime location for business and development. The City of Crystal Lake’s business-friendly mentality and devotion to the business sector has pushed it forwards.
The city constantly seeks to draw in new restaurants and retailers. If you want to discover more about available opportunities, please contact the City of Crystal Lake to assist you in finding the right location for your business.
Crystal Lake, a suburban community northwest of Chicago of 40,000 people, has experienced rapid growth as demand has been translated into action, with commercial corridors being filled, multiple shopping centers being reinvested in, and new sites being developed that provide retail, dining, healthcare, fitness, and housing services.
Businesses in Crystal Lake
Businesses in Crystal Lake are successful and exciting, making it the leader in McHenry County and the northwest suburbs for both business opportunity and livability. According to the Illinois Department of Revenue, Crystal Lake’s restaurants generated over $130 million in sales last year. Crystal Lake also appears in the top 20 for Chicagoland metropolitan area retail sales. “The thriving businesses here are a reflection of our community’s success,” says Mayor Haig Haleblian.
4,000 companies in Crystal Lake
There are approximately 4,000 companies in Crystal Lake, including a wide variety of dining establishments, regional and national chains, small independent retailers, and large corporations.
Guzman y Gomez Crystal Lake
Crystal Lake is excited to welcome a variety of new national brands, including Guzman Y Gomez, Crumbl Cookies, Summer Moon, Ollie’s Bargain Outlet, Orange Theory, and other companies. Many of these companies opted to open their first Illinois store in Crystal Lake, which reflects the city’s success.
Conscious Cup Coffee Roasters owner Mike Shipley said that Crystal Lake is seeing a lot of development and knew there would be considerable expansion, so he opened an office and roasting facility to expand his business operations. We were able to establish and grow, in part as a result of the community’s strong synergy with the experience we’ve created,” he said. As the community grows, so do our opportunities.
Downtown Crystal Lake
In addition, Mercyhealth will complete a $105 million hospital and multi-specialty medical campus in the spring of 2023 to expand its workforce. Because of new business expansions and new job opportunities in the city, housing growth is also underway. Because downtown Crystal Lake is a new 99-unit luxury apartment and townhome complex developed by Hamilton Partners and Harlem Irving. The vibrant downtown and its historic vibrancy have driven the development team to the site. A 304-unit ranch-style rental townhome community is being built in Redwood.
Housing options are critical to smart growth. It is critical to note that despite the demand for new jobs and quality constructions found in Crystal Lake, The Springs—a new 280-unit luxury apartment complex—has just been completed. As well as more than 500 single-family homes being built by Lennar.
Crystal Lake’s business-friendly philosophy and commitment to the business community have helped the city establish itself as a great location for business and development. Crystal Lake is always on the lookout for new restaurants and retailers. If you are interested in finding out more about available opportunities, please contact the City of Crystal Lake to help you find the right location for your business.