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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

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    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.
    (847) 541-5000
    Request Owner's contact information
    3421 Pearl St McHenry, IL 60050
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    McHenry, IL 60050
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    Realmo Value Estimation

    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.

    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.

    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
    3421 Pearl St McHenry, IL 60050
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