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    Richmond Commercial Property with Residence Title is generated by Realmo AI

    8621 US Highway 12, Richmond, IL 60071

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    Claim this Listing
    For Sale
    $224,990

    COMMERCIAL - Richmond, IL

    Lot size:
    0.50 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    146
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 8621 US Highway 12

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    0421100005
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7907

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Septic Tank
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Salvatore Soccorso

    Listing agent Salvatore Soccorso License #475144533

    Listing office HomeSmart Connect LLC 3030 Salt Creek Lane #145, Arlington Heights, IL

    Listing date Jan 8, 2026

    MLS# 12543727

    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.

    HighLights

    • High‑visibility location on heavily trafficked US RT 12.
    • B‑2 zoning allows for a wide range of live/work commercial uses.
    • Includes a 2‑bedroom home attached to a 23x33 commercial space with potential for a bathroom.
    • Commercial space is separately metered and rentable.
    • Newer insulation and 200 AMP electric service in conduit.
    • Level access to the Prairie Trail on a 1/2 acre lot with a basement and 2‑car garage.

    Overview

    Located on heavily trafficked US RT 12 just north of the 12/31 intersection, this property in Richmond, IL, offers a highly visible location. The property is zoned for live and work under McHenry County B-2 "NEIGHBORHOOD BUSINESS DISTRICT," which allows for various uses, including alcoholic beverage consumption on-premise, package sales, animal care shelter, art studio, auto dealership, auto rental, club/lodge, day care center, mixed-use dwelling, farmers market, financial institution, garden center, greenhouse/nursery business, kennel, massage therapy center, office, place of worship, restaurant, retail goods establishment, tower & antenna- class 1, wireless telecommunications carrier, veterinary clinic, winery/brewery/distillery, and warehouse. The property features a 2-bedroom home attached to a commercial space. The commercial area measures 23x33 and includes space for a future bathroom. Newer insulation and a newer 200 AMP electric system in conduit are installed. There are 2 meters and 2 HVAC systems. The commercial portion is separately metered and suitable for rental. This location is ideal for a pub, tavern, gaming, or retail business. The property is in unincorporated McHenry County. It includes a basement, a 2-car garage, and a 1/2 acre lot with level access to the Prairie Trail, offering a surprising amount of privacy to the rear of the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Bar & Pub Garden Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    McHenry
    State
    Illinois
    Longitude
    -88.306241
    Latitude
    42.451383

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial space with attached 2-bedroom home on 0.5 acres.
    Where is this mixed-use property located?
    The property is located at 8621 US Highway 12 Richmond, IL.
    What is the asking price?
    The asking price for this property is $224,990.
    What are key features of this property?
    This property features: High‑visibility location on heavily trafficked US RT 12.; B‑2 zoning allows for a wide range of live/work commercial uses.; Includes a 2‑bedroom home attached to a 23x33 commercial space with potential for a bathroom.
    (847) 495-5000
    We can help!
    Listing Contact
    Salvatore Soccorso
    Real Estate License ID: 475144533
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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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