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    7162 Barnard Mill Road Wonder Lake, IL 60097

    View on Map
    For Sale
    $599,800

    COMMERCIAL - Wonder Lake, IL

    Property size:
    10,000 SF
    Lot size:
    1.88 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 2 at 6:06 am

    Property Features for 7162 Barnard Mill Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    INDUS
    Standard status
    Active
    APN
    0906285009
    Size
    10,000 SF
    Lot size
    1.88 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    11311

    Building Details

    Year built
    1970
    Floors in Building
    1
    Number of units
    3
    Building materials
    Block
    Roof type
    Tar/Gravel, Membrane

    We can help!

    Listing Contact
    Scott Hunt

    Listing agent Scott Hunt License #471015908

    Listing office HomeSmart Connect LLC 4925 W Elm St, Arlington Heights, IL

    Listing date Feb 5, 2026

    MLS# 12562448

    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.

    Overview

    Wonder Lake Commercial Opportunity

    This commercial property in Wonder Lake, Illinois, features a free-standing 5000 square foot block building and a newer 5000 square foot addition, constructed five years ago. The property includes ample parking and a 400 square foot office. The front building can be divided into two spaces of 2000 SF and 3000 SF. Situated on almost two acres, totaling 81892 square feet, the combined buildings offer 10000 square feet of space. The property is ideal for industrial or manufacturing purposes and backs up to a conservation area. It is located just north of a lake and offers plenty of room for multi-tenants and equipment storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Storage Facility HVAC Service Bar & Pub Barber Shop Wine and Liquor Store Shopping Center & Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Wonder Lake
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3364423
    Latitude
    42.4095075

    Nearby Similar for Sale

    • $199,000

      Wonder Lake Commercial Opportunity

      Two-story office building with potential for apartment conversion.
      7165 Barnard Mill Road, Wonder Lake, IL 60097
      View Details
    • $300,000

      Commercial Property in Wonder Lake

      Commercial property available in Wonder Lake, Illinois.
      7312 Hancock Drive, Wonder Lake, IL 60097
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 10000 SF industrial buildings on almost two acres.
    Where is this manufacturing property located?
    The property is located at 7162 Barnard Mill Road Wonder Lake, IL.
    What is the asking price?
    The asking price for this property is $599,800.
    What are key features of this property?
    This property features: 10,000 SF Total Space: Includes a 5,000 SF addition (5 years new) and a 5,000 SF freestanding block building.; Large Lot Size: Situated on almost two acres (81,892 SF) of land.; Ample Parking: Provides significant parking space for tenants and customers.
    (847) 495-5000
    We can help!
    Listing Contact
    Scott Hunt
    Real Estate License ID: 471015908
    Learn More
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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
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