Freestanding Flex
For Sale
$2,750,000
4901 Prime Pkwy, McHenry, IL 60050
Masonry flex facility with warehouse space, modern offices, loading docks, and a kitchen in a corporate business park.
Property Size25,048 SF
Lot Size1.80 Acres
Price / SF$110
Days on Market73
Property Features for 4901 Prime Pkwy
General Information
Standard status
Active
Size
25,048 SF
Lot size
1.80 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
22 ft
Dock-High Doors
2
Drive-In Doors
3
Building Details
Building Size
25,048 SF
Year Built
1998
Buildings
1
Construction
masonry and pre-cast
Listing Agency:
Premier Commercial Realty
Listed By:
Bruce Kaplan · License #475075614
(847) 507-1759
Source:
Premiercommercialrealty
Added: Aug 8
Changed: Oct 16
Last Checked: Oct 19 at 3:28AM
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
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Investment Insights
Based on property information with market context.
This freestanding flex facility combines a masonry and precast industrial structure with warehouse and office components. The warehouse offers 22-foot ceilings, a storage mezzanine above the office area, two loading docks with levelers, three 12x14 drive-in doors, and an additional makeup air system. The office portion includes three private offices, an open work area, and a kitchen. The property was developed in two stages and occupies a 1.8-acre site.
The facility is located within McHenry Corporate Center Business Park in McHenry, Illinois, at 4901 Prime Pkwy. Its mix of warehouse capacity, office improvements, loading infrastructure, and site area supports a range of flex-oriented commercial operations.
The facility is located within McHenry Corporate Center Business Park in McHenry, Illinois, at 4901 Prime Pkwy. Its mix of warehouse capacity, office improvements, loading infrastructure, and site area supports a range of flex-oriented commercial operations.
Key Highlights
- 1.8‑acre site with a freestanding masonry and precast industrial building
- 22‑foot warehouse ceilings with a mezzanine for storage above the office area
- Two loading docks with levelers and (3) 12x14 DIDs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,263
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,985,260
$3.0M
Cap Rate 7%
$2,132,329
$2.1M
Cap Rate 9%
$1,658,478
$1.7M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$243.0K $9.72/SF
− Vacancy
−$13.4K −$0.53/SF
EGI
$229.6K $9.19/SF
− OpEx
−$80.4K −$3.21/SF
NOI
$149.3K $5.97/SF
Area
McHenry County, IL
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,985,260
Cap Rate 7%
$2,132,329
Cap Rate 9%
$1,658,478
Alternative Uses
Best Use
Office B
$4.92M
$4.31M – $5.75M
NOI $344,709 @ 7.0% cap · market cap 12.53%
Second Best
Flex RnD
$2.13M
$1.87M – $2.49M
NOI $149,263 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$8.63M
$7.55M – $10.07M
NOI $604,195 @ 7.0% cap · market cap 21.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
22 ft
Clear height
2
Dock-high doors
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Masonry flex facility with warehouse space, modern offices, loading docks, and a kitchen in a corporate business park.
Where is this flex space located?
The property is located at 4901 Prime Pkwy McHenry, IL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 1.8‑acre site with a freestanding masonry and precast industrial building; 22‑foot warehouse ceilings with a mezzanine for storage above the office area; Two loading docks with levelers and (3) 12x14 DIDs
