3911 Mercy DrMcHenry, IL 60050

For Sale
$2,300,000

21,360 SF Multi-Tenant Office, 58% Leased

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 21,360-square-foot, single-story multi-tenant office building in McHenry, Illinois, presents a compelling investment or owner-user opportunity. Located at 3911 Mercy Dr, 60050, near Northwestern and Mercy medical facilities, this property boasts a desirable location and strong potential. Currently 58% occupied, the building offers immediate income generation with significant upside. Available spaces include 6,499 and 1,450 square feet, ideal for expansion or leasing to additional tenants. The asking price is $2,300,000, representing a pro-forma cap rate of 6.36% and a pro-forma NOI of $146,382. Detailed financial statements are available upon request. The building was constructed in 2007 and sits on APN 14-02-352-019,020, zoned O2. Vacant spaces are available for lease at $12 per square foot. A partial basement is present under approximately one-third of the building. SBA financing is available with as little as 10% down payment for owner-occupants leasing at least 51% of the building. This represents a significant opportunity to acquire a well-located office building at a price substantially below current construction costs. The property is suitable for both medical and executive office uses.

Highlights

  • $2,300,000 asking price for a 21,360 square foot office building.
  • Located at 3911 Mercy Dr, McHenry, IL 60050.
  • 6.36% pro-forma cap rate with a $146,382 pro-forma NOI.
  • 58% occupancy, with available suites of 6,499 and 1,450 square feet.
  • Built in 2007, zoned O2, APN 14-02-352-019,020.

Property Details for 3911 Mercy Dr

Property type
Other office properties, Medical offices
Square Feet
21,360 SF
Year Built
2007

Location Insight

City
McHenry
County
McHenry
State
Illinois
Latitude
42.316249
Longitude
-88.274098
3911 Mercy Dr, McHenry, Illinois

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3911 Mercy Dr
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