Leased Office Condo with
For Sale
$200,000
715 Ridgeview Dr, McHenry, IL 60050
Professional office suite with private offices, conference space, kitchenette, and on-site parking.
Property Size1,584 SF
Price / SF$126.26
Days on Market599
Property Features for 715 Ridgeview Dr
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$19,365
Additional Details
Cap Rate
9.7%
Office Units
1
Building Details
Year Built
2003
Tenancy
Single
Owner Occupied
No
Listing Agency:
Premier Commercial Realty
Listed By:
Heather Schweitzer · License #471019756
(815) 236-9816
Source:
Searchillinoishomesforsale
Added: Feb 13, 2025
Changed: Oct 1
Last Checked: Oct 4 at 9:51AM
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 1,584 SF office condo in Capital Court Commons includes 208 SF of additional storage. The 2003-built suite is configured with two private offices, a large conference room that could serve as a third office, an open reception and clerical area, file room, kitchenette, private bathroom, and abundant natural light. Common parking is available in front of and behind the building.
The space is occupied by One Hope United under a lease extending through May 2029, with annual escalations and an option to renew. The property is near Northwestern Medicine McHenry Hospital at 715 Ridgeview Dr in McHenry, Illinois. The reported capitalization rate is 9.7%.
The space is occupied by One Hope United under a lease extending through May 2029, with annual escalations and an option to renew. The property is near Northwestern Medicine McHenry Hospital at 715 Ridgeview Dr in McHenry, Illinois. The reported capitalization rate is 9.7%.
Key Highlights
- 1,584 SF office condo with 208 SF of additional storage
- Lease with One Hope United runs through May 2029
- Two private offices plus a conference room that could function as a third office
Property Analytics
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Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Professional office suite with private offices, conference space, kitchenette, and on-site parking.
Where is this office units located?
The property is located at 715 Ridgeview Dr 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: 1,584 SF office condo with 208 SF of additional storage; Lease with One Hope United runs through May 2029; Two private offices plus a conference room that could function as a third office
