Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2904 W Il Route 120 McHenry, IL 60051

    Sponsored
    For Sale
    $269,900

    COMMERCIAL - McHenry, IL

    Type:Retail
    Property size:
    2,486 SF
    Lot size:
    0.23 Acres
    Days on Market:
    60
    Last Refresh:
    Feb 28 at 7:06 am

    Property Features for 2904 W Il Route 120

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR
    APN
    0925354018
    Size
    2,486 SF
    Lot size
    0.23 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1959
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Varies
    Building materials
    Block, Brick

    We can help!

    Listing Contact
    Shawn Strach
    Shawn Strach

    Dream Real Estate (815) 331-9520

    Listing agent Shawn Strach (815) 472-7720

    Listing date Dec 31, 2025

    MLS# 12506536

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    High-Traffic Commercial Building in McHenry

    Located on a high-traffic corridor in McHenry, this 2,486-square-foot commercial building offers visibility and versatility. The property, previously a veterinary clinic, features a practical layout with two separate entries, suitable for dual-tenant configuration or distinct customer/service access. A full basement provides storage capacity. The location on State Highway Route 120 benefits from 20,000 vehicles passing daily. Front and rear parking lots offer convenient access. The central McHenry location is minutes from downtown amenities and major residential neighborhoods. The property is suited for medical, professional office, retail, or service businesses, or dual-tenant scenarios. The lot size is 0.2288 acres. The zoning is COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Individual retail properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2857
    Latitude
    42.338

    Nearby Similar for Sale

    • $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
    • $849,900
      3.10 Acres

      Versatile Commercial Property in McHenry

      Spacious property suitable for religious, community, or event use.
      5603 Bull Valley Rd, McHenry, IL 60050
      View Details
    • Contact for pricing

      McHenry Industrial Property For Sale

      Industrial property suitable for warehousing and distribution, near Route 120.
      1201 Adams Dr, McHenry, IL 60051
      View Details
    • $1,495,000
      5,450 SF

      Established Restaurant and Entertainment Venue

      Profitable restaurant and entertainment venue with owner financing available.
      2816 W Il Rte, McHenry, IL
      View Details
    • $1,495,000
      5,450 SF

      Established Restaurant Opportunity in McHenry

      Turnkey restaurant with real estate, recipes, and equipment included.
      2816 Illinois 120, McHenry, IL 60051
      View Details
    • Contact for pricing
      3,799 SF

      Furnished Executive Office Condo

      Furnished office condo with private offices and conference room.
      5400 W Elm St, McHenry, IL
      View Details
    • Contact for pricing
      20,000 SF

      McHenry Office Building For Sale

      20,000 SF office building for sale or lease.
      4209 W Shamrock Ln, McHenry, IL 60050
      View Details
    • Contact for pricing
      26,201 SF

      McHenry Industrial Property For Sale

      Industrial property suitable for warehousing and distribution in McHenry, IL.
      1207 Adams Dr, McHenry, IL
      View Details
    • Contact for pricing
      35,852 SF

      Self Storage Investment Opportunity

      Self-storage facility on 2.91 acres with 5 buildings.
      305 Front St, McHenry, IL
      View Details
    • $975,000
      8,400 SF

      McHenry Industrial Building - Great Potential

      Spacious industrial building, ample land, excellent features.
      1615 Schroeder Ln, McHenry, IL 60050
      View Details
    • $625,000
      4,670 SF

      McHenry Multi-Unit Brick Building

      Five-unit building, high-traffic location.
      607 Front St, McHenry, IL 60050
      View Details
    • Contact for pricing
      7,300 SF

      McHenry Restaurant - Turnkey Opportunity

      7,300 SF Restaurant, Fully Equipped
      209 Front St, McHenry, IL 60050
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Adaptable commercial building on a high-traffic corridor.
    Where is this individual retail property located?
    The property is located at 2904 W Il Route 120 McHenry, IL.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: - High-traffic location on Illinois Route 120 with 20,000 vehicles passing daily.; - Adaptable 2,486 sq ft building suitable for various business types or dual-tenant configuration.; - Two separate entries for distinct customer/service access.
    (815) 790-0833
    Request Owner's contact information
    2904 W Il Route 120 McHenry, IL 60051
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2904 W Il Route 120
    McHenry, IL 60051
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2904 W Il Route 120 McHenry, IL 60051
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shawn Strach
    Shawn Strach
    Real Estate License ID: 471000585
    (815) 790-0833 (815) 472-7720 (815) 331-9520
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!