Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Center in Johnsburg, Illinois Title is generated by Realmo AI

    2940 Commerce Dr, Johnsburg, IL 60051

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property in McHenry market with high visibility.

    Type:Retail
    Property size:
    103,525 SF
    Added:
    Sep 12, 2025
    Days on Market:
    239
    Last Refresh:
    Apr 5 at 10:19 pm

    Property Features for 2940 Commerce Dr

    General Information

    Standard status
    Active
    Size
    103,525 SF
    Property subtype
    Retail

    Properties For Sale

    at 2940 Commerce Dr Contact us

    We can help!

    Listing Contact
    Andy Bulson

    Listing agent Andy Bulson

    Listing office Mid-America Real Estate Group | Chicago

    Listing date Sep 12, 2025

    Source Midamericagrp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mid-America Real Estate Group | Chicago

    HighLights

    • Great access and visibility from Route 31
    • Serves growing communities in the northwestern suburbs of the Chicago MSA
    • Located in the main retail corridor in the McHenry market
    • 103,525 SF
    • Features 340 feet of frontage
    • +/-0.41 Acres

    Overview

    The Shops at Fox River is a retail center serving the communities in the northwestern suburbs of the Chicago metropolitan statistical area. The property has frontage of 340 feet and offers access and visibility from Route 31, the main retail corridor in the McHenry market. The property contains approximately 103,525 square feet on approximately 0.41 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Mc Henry Shopping Center — 4400 W Elm St, McHenry, IL 60050
    • Coinstar Kiosk | Bitcoin ATM — NAI, 4222 W Elm St, McHenry, IL 60050
    • Coinstar Kiosk — nai, 4222 elm st, mchenry, il 60050
    • Coinstar Kiosk — nai, 4222 w elm st, mchenry, il 60050

    Map

    City
    Johnsburg
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2857
    Latitude
    42.338

    Nearby Similar for Sale

    • $835,000

      Waterfront Motor Cave Opportunity

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

      Waterfront Motor Cave Opportunity

      Premium motor cave in desirable waterfront location.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details
    • $975,000

      New Construction Motor Cave

      Premium motor cave in desirable waterfront location on Chain of Lakes.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details
    • $650,000

      New Construction Motor Cave

      Premium oversized storage for boats, cars, and recreational vehicles.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details
    • $950,000

      New Construction Motor Cave

      Premium motor cave with waterfront access and resort-style amenities.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details
    • $650,000

      New Construction Motor Cave

      Premium motor cave with waterfront access and resort-style amenities.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details
    • $625,000

      New Construction Motor Cave

      Premium motor cave in desirable waterfront location on Chain of Lakes.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details
    • $745,000

      New Construction Motor Cave

      Premium motor cave with waterfront access and resort-style amenities.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details
    • $875,000

      New Construction Motor Cave

      Premium waterfront motor cave with upscale community amenities.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details
    • $825,000

      New Construction Motor Cave

      Premium oversized storage for boats, cars, and recreational vehicles.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details
    • $850,000

      New Construction Motor Cave

      Premium motor cave with waterfront access and resort-style amenities.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details
    • $1,200,000

      Premium Waterfront Motor Cave

      New construction motor cave with premium amenities and waterfront access.
      3309 N Chapel Hill Road, Johnsburg, IL 60051
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property in McHenry market with high visibility.
    Where is this shopping center located?
    The property is located at 2940 Commerce Dr Johnsburg, IL.
    What are key features of this property?
    This property features: Great access and visibility from Route 31; Serves growing communities in the northwestern suburbs of the Chicago MSA; Located in the main retail corridor in the McHenry market
    (630) 954-7376
    We can help!
    Listing Contact
    Andy Bulson
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2940 Commerce Dr, Johnsburg, IL 60051
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!