Open-Layout Retail
For Sale
Contact for pricing
3940 Main Street, McHenry, IL 60050
An open interior offers a flexible starting point for a retail, service, or specialty business.
Property Size350 SF
Price / SF$0.08
Days on Market20
Property Features for 3940 Main Street
General Information
Standard status
Active
Size
350 SF
Property subtype
Neighborhood Storefront
Building Details
Year Built
1900
Listing Agency:
E- Signature Realty
(847) 693-0213
Listed By:
Michael Crawford · License #475.204642
(224) 428-4270
Source:
Helenoliveri
Added: Oct 10
Changed: Oct 28
Last Checked: Oct 28 at 2:49PM
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 E- Signature Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail storefront in downtown McHenry has an open interior that can be customized for a business’s needs. The property was built in 1900.
The storefront is on Main Street, among local shops and dining businesses, with public events in the downtown area.
The storefront is on Main Street, among local shops and dining businesses, with public events in the downtown area.
Key Highlights
- Open interior layout
- Main Street storefront in downtown McHenry
- Near local shops, dining, and downtown public events
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,377
Suggested Prices Based on Cap Rates
Cap Rate 5%
$67,540
$67.5K
Cap Rate 7%
$48,243
$48.2K
Cap Rate 9%
$37,522
$37.5K
Market Conditions
NOI Build-Up for 350 SF
Gross rent
$5.3K $15.00/SF
− Vacancy
−$425 −$1.22/SF
EGI
$4.8K $13.79/SF
− OpEx
−$1.4K −$4.14/SF
NOI
$3.4K $9.65/SF
Area
McHenry County, IL
Vacancy
8.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$67,540
Cap Rate 7%
$48,243
Cap Rate 9%
$37,522
Alternative Uses
Best Use
Retail
$48.2K
$42.2K – $56.3K
NOI $3,377 @ 7.0% cap · market cap 12,507.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$120.8K
$105.7K – $141.0K
NOI $8,459 @ 7.0% cap · market cap 31,329.63%
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
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
63k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Meijer
Groceries
63,448 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - An open interior offers a flexible starting point for a retail, service, or specialty business.
Where is this storefront property located?
The property is located at 3940 Main Street McHenry, IL.
What are key features of this property?
This property features: Open interior layout; Main Street storefront in downtown McHenry; Near local shops, dining, and downtown public events
