4209 Shamrock LnMcHenry, IL 60050

For Sale
$2,400,000

20,000 SF Medical/Office Complex, IL

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 20,000-square-foot office building in McHenry, Illinois, presents a compelling investment opportunity. Situated on a 2.26-acre lot at 4209 W Shamrock Ln (APN 14-03-476-011), this single-story masonry structure, built in 2000, offers a blend of medical and traditional office space. Currently 50% occupied, with an occupancy date of April 12, 2024, the property boasts three units, including a 10,000-square-foot space available for lease or purchase. The asking price is $2,400,000, translating to $120 per square foot. Two long-term tenants, a dialysis center (since 2012) and a psychologist's office (since 2016), provide a stable income stream. The property's pro-forma NOI is $179,457, projecting a 7.48% cap rate at 95% occupancy. The 10,000-square-foot unit features 17 offices/conference rooms, a large open area, two multi-stall bathrooms, and a break room, currently available for $12 per square foot gross (CAM and taxes included). The property is zoned O1 and is conveniently located near Northwestern Hospital. Financial details, including a pro-forma rent roll and operating statement, are available upon request.

Highlights

  • Exceptional 20,000 SF office building investment opportunity in McHenry, IL.
  • Single-story masonry building on a 2.26-acre lot (APN 14-03-476-011), built in 2000.
  • Currently 50% occupied, with 10,000 SF available for lease or purchase; occupancy date April 12, 2024.
  • Asking price: $2,400,000 ($120/SF); Pro-forma NOI: $179,457 (7.48% cap rate at 95% occupancy).
  • Two long-term tenants (dialysis center & psychologist's office) provide stable income.
  • Available 10,000 SF unit features 17 offices/conference rooms, large open area, two multi-stall bathrooms, and a break room; $12/SF gross lease rate (CAM & taxes included).

Property Details for 4209 Shamrock Ln

Property type
Other office properties, Medical offices
Square Feet
20,000 SF
Year Built
2000
Lot Size (sq. ft)
98,446 SF
Units
3

Location Insight

City
McHenry
County
McHenry
State
Illinois
Latitude
42.3144731
Longitude
-88.2799523
4209 Shamrock Ln, McHenry, Illinois

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4209 Shamrock Ln
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