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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).
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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