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3421 Pearl St McHenry, IL 60050

Sponsored
For Sale
$459,000

High-traffic, multi-unit investment opportunity.

Property size:
9,180 SF

Description

Added:
Feb 3, 2025
Days on Market:
339
This exceptional 9,180 square foot solid brick building is ideally situated in the heart of downtown McHenry, Illinois, at 3421 Pearl Street. Its prime location places it within easy walking distance of popular breweries, restaurants, and the scenic Fox River, directly across from Veteran's Memorial Park, ensuring high foot traffic and excellent visibility. The building comprises three units, each exceeding 2,000 square feet, complemented by a spacious 2,300 square foot basement offering significant potential for expansion or additional uses. One unit is currently occupied by a long-term tenant under a recently signed 5-year lease agreement, providing immediate and stable income. Another unit is occupied by the long-time owner who is selling the business. The rear of the building, previously occupied, is currently used for storage, presenting further development opportunities. The property boasts a roof less than eight years old, along with newer air conditioning and furnace systems, minimizing maintenance concerns. Ample parking is available for tenants and customers. This multi-unit property presents a compelling investment opportunity with substantial existing cash flow and significant upside potential for future growth. The building's strong construction, desirable location, and existing lease agreement make it an attractive proposition for investors seeking a stable and potentially lucrative commercial venture.

Property Features for 3421 Pearl St

General Information

Property type
Other commercial real estate
Square Feet
9,180 SF

Building Details

Year Built
1925

Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
McHenry
County
McHenry
State
Illinois
Longitude
-88.26524
Latitude
42.34652

FAQs

What type of property is this?
Commercial real estate - High-traffic, multi-unit investment opportunity.
Where is this commercial real estate located?
The property is located at 3421 Pearl St McHenry, IL.
What is the asking price?
The asking price for this property is $459,000.
More about this property
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