Established Restaurant and Entertainment
For Sale
Contact for pricing
2816 W Il Route 120, McHenry, IL
Profitable restaurant and entertainment venue with owner financing available.
Property Size5,450 SF
Lot Size0.76 Acres
Price / SF$178.90
Days on Market358
Property Features for 2816 W Il Route 120
General Information
Standard status
Active
Size
5,450 SF
Lot size
0.76 Acres
Property subtype
OFFICE
Listing Agency:
SVN | Chicago - Corporate
(630) 640-1001
Listed By:
Paul R. Cawthon · License #475130924
(630) 640-1001
Source:
Moodyscre
Added: Aug 28, 2025
Changed: Aug 15
Last Checked: Aug 20 at 12:48PM
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 SVN | Chicago - Corporate
Investment Insights
Based on property information with market context.
This established venue, located in McHenry, IL, offers a blend of dining and entertainment. The property features a spacious bar area designed to encourage socializing, alongside private dining spaces suitable for hosting events. For added entertainment, the venue includes slot machines, contributing to its revenue streams. Outdoor seating is available for customers to enjoy dining during warmer months. The business reports gross revenues of $1,450,000. The property has a total size of 5,450 square feet. The business benefits from a long-standing and experienced team. The property combines historical charm with modern functionality. Owner financing options are available. Please do not disturb the business, management, or employees.
Key Highlights
- High Gross Revenue: $1,450,000
- Experienced Staff: Long‑standing, dedicated team
- Slot Machines: Added entertainment and revenue stream
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,280,000
$1.3M
Cap Rate 7%
$914,286
$914.3K
Cap Rate 9%
$711,111
$711.1K
Market Conditions
NOI Build-Up for 5,450 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$91.6K $16.80/SF
− Vacancy
−$6.2K −$1.14/SF
EGI
$85.3K $15.66/SF
− OpEx
−$21.3K −$3.91/SF
NOI
$64.0K $11.74/SF
Area
McHenry County, IL
Vacancy
6.80%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,280,000
Cap Rate 7%
$914,286
Cap Rate 9%
$711,111
Alternative Uses
Best Use
Specialty Retail
$914.3K
$800.0K – $1.07M
NOI $64,000 @ 7.0% cap · market cap 6.56%
Second Best
Retail
$751.3K
$657.4K – $876.5K
NOI $52,590 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,715 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
8,100 visits/mo
0.5 miles
SUBWAY
Dining
1,616 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Moe's on Main — 3914 Main St, McHenry, IL 60050
- McHenry Country Club — 820 N John St, McHenry, IL 60050
- Lucky Poker — 700 n, 700 Front St, McHenry, IL 60050
- 3 Queens Bar & Gaming — 810 N Front St, McHenry, IL 60050
- Main Street Station — 4005 Main St, McHenry, IL 60050
Frequently Asked Questions
What type of property is this?
Bar & Pub - Profitable restaurant and entertainment venue with owner financing available.
Where is this bar & pub located?
The property is located at 2816 W Il Route 120 McHenry, IL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: High Gross Revenue: $1,450,000; Experienced Staff: Long‑standing, dedicated team; Slot Machines: Added entertainment and revenue stream
