Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land for Lease Title is generated by Realmo AI

    4416 West Elm Street, McHenry, IL 60050

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

    Commercial land available for ground lease.

    Type:Land
    Added:
    Nov 22, 2025
    Days on Market:
    181
    Last Refresh:
    May 20 at 12:57 am

    Property Features for 4416 West Elm Street

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Peter Graham
    Peter Graham

    Listing agent Peter Graham

    Listing office CBRE | Chicago

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Chicago

    HighLights

    • High Traffic Count: 26,800 VPD
    • Land Size: +/- 34,848 SF
    • Ground Lease: $150,000 per year
    • Pin Numbers: 09‑27‑405‑003, 004, 005
    • Taxes: $17,587.82 (2023 payable in 2024)

    Overview

    The property consists of approximately 34,848 square feet of land available for ground lease at an asking price of $150,000 per year. The annual taxes are $17,587.82, payable in 2024, based on the 2023 assessment. The property's pin numbers are 09-27-405-003, 004, and 005. The location benefits from a traffic count of 26,800 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2783
    Latitude
    42.359

    Nearby Similar for Lease

    • Contact for pricing
      2,001 SF

      Turnkey Medical/Dental Office Space

      2,001 SF office space built as dental practice.
      4306 Unit J/H W Crystal Lake Road, McHenry, IL 60050
      View Details
    • Contact for pricing
      5,292 SF

      Versatile Commercial Space in McHenry

      5,292 SF commercial space with showroom and workshop areas.
      909 Front Street, McHenry, IL 60050
      View Details
    • Contact for pricing

      High-Traffic Retail Space Available

      Prime retail space in high-traffic McHenry corridor.
      810 Front Street, McHenry, IL 60050
      View Details
    • Contact for pricing
      600 SF

      Turn-Key Barber Shop Suite

      Retail/office suite and barber shop available for rent.
      5000 W Elm Street, McHenry, IL 60050
      View Details
    • $623/Mo
      471 SF

      McHenry Office Suites For Rent

      Professional office suites available in elevator-equipped building.
      1689 N Curran Rd, McHenry, IL
      View Details
    • $13 SF/Yr
      1,826 SF

      McHenry Flex Space For Rent

      1,826 SF flex space ideal for small business.
      1615 S Schroeder Ln, McHenry, IL
      View Details
    • Contact for pricing
      7,300 SF

      Turn-Key Restaurant with Outdoor Patio

      Equipped restaurant with patio and high traffic location available.
      209 Front Street, McHenry, IL, 60050
      View Details
    • Contact for pricing

      Restaurant Space in McHenry Plaza

      Former Applebee’s available for lease in McHenry, Illinois.
      1700 N Richmond Rd | Mchenry, IL 60051
      View Details
    • $10 SF/Yr
      2,720 SF

      Clean Warehouse Space Available

      Clean warehouse space with wet sprinklers and immediate occupancy.
      1627 Oak Dr, McHenry, IL
      View Details
    • $10 SF/Yr

      Highly Visible Office Building

      Office building with high visibility and strong traffic counts.
      4450 Bull Valley Rd, MCHENRY, IL, 60050-7495
      View Details
    • $30 SF/Yr
      3,982 SF

      McHenry Retail Space For Lease

      Retail space available for lease in McHenry, Illinois.
      2911 Commerce Dr, McHenry, IL
      View Details
    • Contact for pricing
      3,130 SF

      Retail Space in McHenry Corridor

      Retail space available in high-visibility McHenry location.
      1711 Richmond Road, McHenry, IL, 60051
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land available for ground lease.
    Where is this land located?
    The property is located at 4416 West Elm Street McHenry, IL.
    What are key features of this property?
    This property features: High Traffic Count: 26,800 VPD; Land Size: +/- 34,848 SF; Ground Lease: $150,000 per year
    (312) 861-7851
    We can help!
    Listing Contact
    Peter Graham
    Peter Graham
    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
    4416 West Elm Street, McHenry, IL, 60050
    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!