Building Details

Building Size 2,500 SF

Listing Agency: Berkshire Hathaway HomeServices Starck Real Estate

Listed By: Jack Minero · License #IL Show Phone

Source: Crexi

Added: Sep 1 Changed: Oct 26 Last Checked: Oct 24 at 1:51PM

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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 Berkshire Hathaway HomeServices Starck Real Estate

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,500-square-foot warehouse occupies 1.3 acres along Wonder Lake Road in Wonder Lake, Illinois. The building has 15-foot ceilings and two 10 x 10 overhead doors, providing functional features for warehouse and distribution operations. The property is currently used by a landscaping business.

Multiple ingress and egress points support site access. Utilities include a well, septic systems, natural gas, and electric service. The property address is 2803 E Wonder Lake Road, Wonder Lake, IL 60097.

Key Highlights

• 2,500‑square‑foot warehouse on 1.3 acres
• 15‑foot ceiling height
• Two 10 x 10 overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,068

Cap Rate

3.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$261,360 $261.4K

Cap Rate 7%

$186,686 $186.7K

Cap Rate 9%

$145,200 $145.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$16.2K $6.48/SF

− Vacancy

−$826 −$0.33/SF

EGI

$15.4K $6.15/SF

− OpEx

−$2.3K −$0.92/SF

NOI

$13.1K $5.23/SF

Area

McHenry County, IL

Vacancy

5.10%

Lease Rate

$6.48 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$261,360

Cap Rate 7%

$186,686

Cap Rate 9%

$145,200

Alternative Uses

Best Use

Warehouse

$186.7K

$163.4K – $217.8K (±1% cap)

NOI $13,068 @ 7.0% cap · market cap 3.31%

Second Best

Industrial

$153.7K

$134.5K – $179.4K (±1% cap)

NOI $10,762 @ 7.0% cap · market cap 2.72%

Theoretical Best

Office A

$863.1K

$755.3K – $1.01M (±1% cap)

NOI $60,420 @ 7.0% cap · market cap 15.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Auto Repair Shop Building Supply Kitchen & Bath Showroom Garden Center Gym & Fitness Center Plumbing Service

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

15 ft

Clear height

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

37

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 60097, IL

10,849

Population

4,446

Households

2.4

Avg Household Size

40

Median Age

17%

College-Educated

93%

High-School Grad

16.0 sq mi

ZIP Area

678

Density / Sq Mi

$90,865

Median Household Income

$48,168

Median Earnings

$1,369

Median Rent

$215,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

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Office Units with Renovation Needs

7165 Barnard Mill Rd, Wonder Lake, IL 60097

$199,000

3,000 SF

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Automotive Building with Garage

7312 Hancock Drive, Wonder Lake, IL 60097

$300,000

1,680 SF

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Mixed-Use Property with Office Building

7314 Hancock Drive, Wonder Lake, IL 60097

$300,000

4,500 SF

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial site with multiple access points and well, septic, natural gas, and electric utilities.

Where is this warehouse located?

The property is located at 2803 E Wonder Lake Road Wonder Lake, IL.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: 2,500‑square‑foot warehouse on 1.3 acres; 15‑foot ceiling height; Two 10 x 10 overhead doors