McHenry Office Condo Investment
For Sale
$200,000
715 Ridgeview Drive, McHenry, IL 60050
Fully leased office condo near Northwestern Medicine McHenry Hospital.
Property Size1,584 SF
Price / SF$126.26
Days on Market520
Property Features for 715 Ridgeview Drive
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$5,207
Building Details
Year Built
2003
Listing Agency:
Premier Commercial Realty
(815) 236-9816
Listed By:
Heather Schweitzer · License #471019756
(815) 236-9816
Source:
Exitrealty
Added: Mar 6, 2025
Changed: Aug 8
Last Checked: Apr 6 at 4:03AM
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 Premier Commercial Realty
Investment Insights
Based on property information with market context.
This is a 1,584 square foot professional office condo with an additional 208 square feet of storage in the Capital Court Commons. The property features a buildout with two private offices, a large conference room that could serve as a third office, an open reception and clerical area, a file room, a kitchenette, and a private bathroom. The space benefits from natural light. The existing tenant, One Hope United, has a lease through May 2029 with annual escalations and an option to renew. The net operating income is $19,365, with a 9.7% capitalization rate. Common parking is available in the front and rear of the building. The property is located near Northwestern Medicine McHenry Hospital. Note that the photos were taken prior to tenant occupancy.
Key Highlights
- Fully leased 1,584 SF office condo providing immediate income.
- Existing tenant (One Hope United) with a lease through May 2029, including annual escalations and renewal option.
- Net Operating Income (NOI) of $19,365 with a 9.7% CAP rate.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
Business Placement
Demographics for 60050, IL
31,854
Population
13,399
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
91%
High-School Grad
26.4 sq mi
ZIP Area
1,207
Density / Sq Mi
$86,315
Median Household Income
$48,953
Median Earnings
$1,522
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Fully leased office condo near Northwestern Medicine McHenry Hospital.
Where is this office units located?
The property is located at 715 Ridgeview Drive McHenry, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Fully leased 1,584 SF office condo providing immediate income.; Existing tenant (One Hope United) with a lease through May 2029, including annual escalations and renewal option.; Net Operating Income (NOI) of $19,365 with a 9.7% CAP rate.
