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

    3309 N Chapel Hill Rd, Unit A3 Johnsburg, IL 60051

    View on Map
    Sponsored
    For Sale
    $850,000

    COMMERCIAL - Johnsburg, IL

    Lot size:
    15.48 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 5 at 11:06 am

    Property Features for 3309 N Chapel Hill Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    COMMR
    APN
    1018353000
    Lot size
    15.48 Acres

    Utilities

    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2027
    Floors in Building
    2
    Number of units
    7
    Flooring type
    Concrete
    Building materials
    Wood, Shake Siding, Stucco, Brick Veneer

    We can help!

    Listing Contact
    Bradley Fox

    HomeSmart Connect Real Estate

    Listing agent Bradley Fox (847) 495-5000

    Listing date Mar 4, 2026

    MLS# 12581812

    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

    Premium Waterfront Motor Cave

    This property offers an opportunity to own a premium motor cave in a waterfront location on the Chain of Lakes. The unit provides secure, oversized storage suitable for boats, car collections, and recreational vehicles, within a private community designed for lakelife enthusiasts. The units are 75 feet deep and include a mezzanine area. Owners have access to amenities, including a full-service restaurant, ice cream parlor/candy shop, scenic river walk, splash pad, playground, and a private boat launch for access to the Chain. The property is located in Johnsburg, IL, in McHenry County. The lot size is 15.4808 acres. The intended use is for commercial purposes. The estimated completion date is Fall/Winter 2027. This property is proposed new construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnsburg
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2371468
    Latitude
    42.3751785

    Nearby Similar for Sale

    • New
      $835,000
      15.48 Acres

      Waterfront Motor Cave Opportunity

      Premium motor cave in a desirable waterfront location.
      3309 N Chapel Hill Rd, Johnsburg, IL 60051
      View Details
    • New
      $750,000
      15.48 Acres

      Waterfront Motor Cave Opportunity

      Premium motor cave with waterfront access and resort-style amenities.
      3309 N Chapel Hill Rd, Johnsburg, IL 60051
      View Details
    • New
      $1,025,000
      15.48 Acres

      Waterfront Motor Cave Opportunity

      Premium motor cave with waterfront access and resort-style amenities.
      3309 N Chapel Hill Rd, Johnsburg, IL 60051
      View Details
    • $1,000,000
      9,088 SF

      Johnsburg Industrial Property - Huge Potential

      4.9 Acres, 9,088 SF, Multi-Use
      3401 Richmond Rd, Johnsburg, IL 60051
      View Details
    • $1,000,000
      9,088 SF

      Prime Retail Space, Arrowhead

      High-visibility Bell Road location, 2,548 sq ft.
      3401 Richmond Rd, Johnsburg, IL 60051
      View Details
    • Contact for pricing
      103,525 SF

      Prime Retail Space, Johnsburg, IL

      103,525 SF Shopping Center - For Sale/Lease
      2940 Commerce Dr, Johnsburg, IL 60051
      View Details

    FAQs

    What type of property is this?
    Commercial land - Oversized storage units with access to waterfront amenities.
    Where is this commercial land located?
    The property is located at 3309 N Chapel Hill Rd, Unit A3 Johnsburg, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Waterfront location on the Chain of Lakes, offering direct access and enhanced lifestyle.; - **Oversized (75ft deep) motor cave, providing secure storage for boats, car collections, and recreational vehicles.**; - Opportunity to customize a large mezzanine area for entertainment.
    (847) 495-5000
    Request Owner's contact information
    3309 N Chapel Hill Rd, Unit A3 Johnsburg, 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.
    3309 N Chapel Hill Rd, Unit A3
    Johnsburg, 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
    3309 N Chapel Hill Rd, Unit A3 Johnsburg, 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
    Bradley Fox
    (847) 495-5000
    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!