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    Remax Plaza

    4005 Kane Ave, McHenry, IL 60050
    (815) 385-6770
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale
    • Commercial Lease

    Listings

    For Sale (19)

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    Oak Park Mixed-Use Investment
    $449,000
    0.04 Acres

    Oak Park Mixed-Use Investment

    High-traffic location with retail and residential income potential.

    97 Harlem Ave, Oak Park, IL 60302
    View details
    Commercial Space in Trevor Place
    Contact for pricing

    Commercial Space in Trevor Place

    Retail space available September 1st, 2025 in Trevor, Wisconsin.

    12033 Antioch Blvd, Trevor, WI 53179
    View details
    Land in Bull Valley
    $299,000
    3.05 Acres

    Land in Bull Valley

    3.05 acre homesite in Bull Valley Pine Ridge Subdivision.

    Sudburg Ct, Bull Valley, IL 60098
    View details
    9+ Acres Near Downtown
    $200,000
    9.15 Acres

    9+ Acres Near Downtown

    Residential land 1.5 miles from downtown Crystal Lake, IL.

    406 Ridge Ave, Crystal Lake, IL 60014
    View details
    Historic Waukegan Masonic Temple
    $2,000,000
    40,000 SF

    Historic Waukegan Masonic Temple

    Historic landmark with redevelopment potential in the heart of Waukegan.

    220 N Sheridan Rd, Waukegan, IL 60085
    View details
    Waukegan Office Building For Sale
    $750,000
    0.19 Acres

    Waukegan Office Building For Sale

    Well-maintained office building in prime location, ideal for investors.

    222 N County St, Waukegan, IL 60085
    View details
    Updated Industrial Building, Divisible Units
    $998,500
    0.78 Acres

    Updated Industrial Building, Divisible Units

    Updated industrial building with flexibility for multiple units in McHenry.

    1717 Oak Dr, McHenry, IL 60050
    View details
    Wonder Lake Commercial Opportunity
    $199,000
    0.55 Acres

    Wonder Lake Commercial Opportunity

    Two-story office building with potential for apartment conversion.

    7165 Barnard Mill Rd, Wonder Lake, IL 60097
    View details
    Industrial Condo with Unique Features
    $295,000
    1.08 Acres

    Industrial Condo with Unique Features

    Immaculate industrial condo with car lift and generator.

    11201 Commercial St, Richmond, IL 60071
    View details
    Richmond, IL Commercial Land
    $100,000
    1.08 Acres

    Richmond, IL Commercial Land

    1.08 acres of commercial land in Richmond, Illinois.

    Commercial St, Richmond, IL 60071
    View details
    Residential Land in Sharon, WI
    $125,000
    3.06 Acres

    Residential Land in Sharon, WI

    3+ acre lot ready for your dream home!

    Church St, Sharon, WI 53585
    View details
    Picturesque 19 Acres with Creek
    $725,000
    18.91 Acres

    Picturesque 19 Acres with Creek

    19 acres in Lake County with Mill Creek.

    17925 W Stearns School Rd, Gurnee, IL 60031
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    Waukegan Commercial Building For Sale
    $349,900
    0.18 Acres

    Waukegan Commercial Building For Sale

    B-5 commercial building in downtown Waukegan, ideal for investors.

    319 N County St, Waukegan, IL 60085
    View details
    Established Multi-Unit Building in Wisconsin
    $925,000
    0.67 Acres

    Established Multi-Unit Building in Wisconsin

    Multi-unit commercial building with immediate equity potential in Twin Lakes.

    405 N Lake Ave, Twin Lakes, WI 53181
    View details
    Downtown Waukegan Commercial Building For Sale
    Contact for pricing
    3,912 SF

    Downtown Waukegan Commercial Building For Sale

    Commercial building in downtown Waukegan, ideal for investors or businesses.

    319 N County St, Waukegan, IL 60085
    View details
    9+ Acres Near Downtown
    $200,000

    9+ Acres Near Downtown

    9+ acres of land located near downtown Crystal Lake.

    406 Ridge Ave, Crystal Lake, IL 60014
    View details
    Versatile Acreage for Custom Home
    $370,000

    Versatile Acreage for Custom Home

    15+ acre lot ideal for custom home or hobby farm.

    9 Rowe Rd, Elburn, IL 60119
    View details
    Land Available on Stearns School
    $790,000

    Land Available on Stearns School

    Land for sale near Rt 132 & Hutchins.

    17925 W Stearns School Rd, Gurnee, IL 60031
    View details
    McHenry Investment Property Near Downtown
    $649,000

    McHenry Investment Property Near Downtown

    Excellent investment property near Metra, shops, and restaurants.

    3937 Main St, McHenry, IL 60050
    View details

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    Remax Plaza
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Remax Plaza
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