Building Details

Building Size 5,432 SF

Listing Agency: Jameson Commercial

Listed By: Mark Kishtow · License #471010965 Show Phone

Source: Thebrokerlist

Added: Jul 26 Changed: Oct 4 Last Checked: Oct 4 at 6:20AM

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Investment Insights

Based on property information with market context.

A rare Village of Ringwood property combining a custom log home with a large heated warehouse/garage at the rear of the lot. The log cabin home features more than 2,000 square feet on the main level, with 3 bedrooms and 2 full baths, a stone fireplace great room, and a chef’s kitchen with professional appliances, a large island, and extensive counter, prep, and storage space. A wraparound deck sits off the living area. The walk-out basement has been converted to offices and includes multiple offices and storage rooms, a full bath, mechanicals, and an entry foyer.

The warehouse is approximately 8,100 square feet with 10 overhead doors (ranging from 10’ to 12’) and 14’ interior ceilings. A loading dock provides access for larger trucks, and the building is heated.

Set on over 8 acres with mature trees, green contoured land, and a private pond, the property also includes a circle drive and a separate parking lot. Additional amenities noted include a Generac backup system for the home and an EV charging port. The address is 4418 North Richmond Road, Ringwood, IL 60072.

Key Highlights

• Over 8 acres in the Village of Ringwood with mature trees, green contoured land, and a private pond
• Heated 8,100 SF warehouse at the rear of the lot with 10 overhead doors (10' to 12') and 14' interior ceilings
• Warehouse includes a loading dock for big truck access, plus separate parking with a circle drive

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,898

Cap Rate

5.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,497,960 $1.5M

Cap Rate 7%

$1,069,971 $1.1M

Cap Rate 9%

$832,200 $832.2K

Market Conditions

NOI Build-Up for 5,432 SF

Gross rent

$133.0K $24.48/SF

− Vacancy

−$33.1K −$6.10/SF

EGI

$99.9K $18.38/SF

− OpEx

−$25.0K −$4.60/SF

NOI

$74.9K $13.79/SF

Area

McHenry County, IL

Vacancy

24.90%

Lease Rate

$24.48 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,497,960

Cap Rate 7%

$1,069,971

Cap Rate 9%

$832,200

Alternative Uses

Best Use

Office B

$1.07M

$936.2K – $1.25M (±1% cap)

NOI $74,898 @ 7.0% cap · market cap 5.00%

Second Best

Warehouse

$405.6K

$354.9K – $473.2K (±1% cap)

NOI $28,394 @ 7.0% cap · market cap 1.89%

Theoretical Best

Office A

$1.88M

$1.64M – $2.19M (±1% cap)

NOI $131,280 @ 7.0% cap · market cap 8.76%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Electrical Service Auto Parts Store Carpet & Flooring Store Kitchen & Bath Showroom Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

1

Dock-high doors

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 60072, IL

988

Population

333

Households

3

Avg Household Size

47

Median Age

36%

College-Educated

96%

High-School Grad

9.7 sq mi

ZIP Area

102

Density / Sq Mi

$153,542

Median Household Income

$66,875

Median Earnings

$1,021

Median Rent

$390,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Pioneer Storage — 4010 Pioneer Rd, Johnsburg, IL 60051
• Greenway Storage & Rental — 4408 State Rte 31, Ringwood, IL 60072
• Stade Grain Co — 4312 Pioneer Rd, McHenry, IL 60051

Frequently Asked Questions

What type of property is this?

Warehouse - Heated warehouse with 10 overhead doors plus a log home on a private pond parcel.

Where is this warehouse located?

The property is located at 4418 North Richmond Road Ringwood, IL.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: Over 8 acres in the Village of Ringwood with mature trees, green contoured land, and a private pond; Heated 8,100 SF warehouse at the rear of the lot with 10 overhead doors (10' to 12') and 14' interior ceilings; Warehouse includes a loading dock for big truck access, plus separate parking with a circle drive