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Self Storage Investment Opportunity

305 Front St, McHenry, IL

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For Sale

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Self-storage facility on 2.91 acres with 5 buildings.

Type:INDUSTRIAL

Property size:

35,852 SF

Lot size:

3.02 Acres

Price / SF:

$122/SF

HighLights

Self‑storage investment opportunity with 253 units and 79% physical occupancy.
High visibility location with 195' frontage on IL‑Route 31 and 17,600 daily traffic count.
Located in an affluent area with an average household income exceeding $100,966 within a 3‑mile radius.
Includes 5 buildings totaling approximately 42,500 SF on 2.91 acres.
Potential for remote management and increased profitability through professional management.
Situated among increasing residential and commercial developments.

We can help!

Contact an agent

Tim Billimack

Learn more

For Sale

Contact for pricing

Self-storage facility on 2.91 acres with 5 buildings.

Type:INDUSTRIAL

Property size:

35,852 SF

Lot size:

3.02 Acres

Price / SF:

$122/SF

Added:: Feb 12, 2025
Days on Market:: 500
Last Refresh:: May 20 at 8:53 pm

Property Features for 305 Front St

General Information

Standard status: Active
Size: 35,852 SF
Lot size: 3.02 Acres
Property subtype: INDUSTRIAL

We can help!

Contact an agent

Tim Billimack

Listing office Blue Chip Commercial

Listing date Feb 12, 2025

Source Moodyscre

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 Blue Chip Commercial

HighLights

Self‑storage investment opportunity with 253 units and 79% physical occupancy.
High visibility location with 195' frontage on IL‑Route 31 and 17,600 daily traffic count.
Located in an affluent area with an average household income exceeding $100,966 within a 3‑mile radius.
Includes 5 buildings totaling approximately 42,500 SF on 2.91 acres.
Potential for remote management and increased profitability through professional management.
Situated among increasing residential and commercial developments.

Overview

This self-storage investment opportunity is located on 2.91 acres and includes 5 buildings, totaling approximately 42,500 square feet. The property features 195 feet of frontage on IL-Route 31, benefiting from traffic counts of 17,600 vehicles per day and high visibility. The facility comprises 253 units with a physical occupancy of 79%. The unit count is subject to sizing flexibility. Located in an area with increasing residential and commercial developments, the property is ideally positioned to attract drive-by customers. The surrounding area has an affluent population, with an average household income exceeding $100,966 within a 3-mile radius. The property is currently not professionally managed, presenting an opportunity for upside through potential remote management.

Local Financial Insights For Self Storage

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$473.2k	$13.20
− Vacancy	−$23.7k	−$0.66
EGI	$449.6k	$12.54
− OpEx	−$134.9k	−$3.76
NOI	$314.7k	$8.78

35,852 SF · lease $13.20/SF/yr · vacancy 5.00% · expense 30.00%

Alternative Uses

Best Use

Self Storage

$4.50M

$3.93M – $5.25M (±1% cap)

NOI $314,709 @ 7.0% cap · market cap 7.15%

Second Best

Industrial

$2.20M

$1.93M – $2.57M (±1% cap)

NOI $154,331 @ 7.0% cap · market cap 3.51%

Theoretical Best

Office A

$12.38M

$10.83M – $14.44M (±1% cap)

NOI $866,464 @ 7.0% cap · market cap 19.69%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

Location Insight

Map
Local Demand

City: McHenry
County: McHenry
State: Illinois
Longitude: -88.2668
Latitude: 42.3334

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What type of property is this?

Self storage facility - Self-storage facility on 2.91 acres with 5 buildings.

Where is this self storage facility located?

The property is located at 305 Front St McHenry, IL.

What is the asking price?

The asking price for this property is $4,400,000.

What are key features of this property?

This property features: Self‑storage investment opportunity with **253 units** and **79% physical occupancy**.; High visibility location with **195' frontage on IL‑Route 31** and 17,600 daily traffic count.; Located in an affluent area with an average household income exceeding $100,966 within a 3‑mile radius.

305 Front St, McHenry, IL

Self-storage facility on 2.91 acres with 5 buildings.

Property Features for 305 Front St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Self Storage

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Three-Unit Professional Office Building

Downtown McHenry Commercial Space

Multifamily Property for Sale

Prime Corner Commercial Building

Fully Occupied Retail Center

Established Restaurant and Entertainment Venue

Updated Industrial Building, Divisible Units

Professional Office Condo For Lease

Legal Three-Unit Building in McHenry

McHenry Office Condo Investment Opportunity

Downtown McHenry Commercial Space

Furnished Executive Office Condo

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