Remodeled Restaurant
For Sale
$430,000
4911 W Elm St, McHenry, IL 60050
Remodeled restaurant property with updated kitchen, basement support space, commercial equipment, and outdoor seating.
Property Size3,039 SF
Lot Size0.42 Acres
Price / SF$141.49
Days on Market101
Property Features for 4911 W Elm St
General Information
Standard status
Active
Size
3,039 SF
Lot size
0.42 Acres
Property subtype
Commercial
Site & Location
Frontage
120 ft
Traffic Count
18,800 vehicles/day
Road Access
Yes
Restaurant
Patio
Yes
Equipment Included
Yes
Building Details
Year Renovated
2023
Listing Agency:
Century 21 Integra
Listed By:
Dennis Drake (815) 342-4100 · License #475127165
(815) 342-4100
Source:
Searchillinoishomesforsale
Added: Jul 29
Changed: Nov 1
Last Checked: Nov 4 at 2:03PM
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 Century 21 Integra
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Investment Insights
Based on property information with market context.
Remodeled restaurant building with almost 1,900 sq ft of restaurant and prep space plus a 1,100 sq ft basement. The main level includes a new kitchen area with grill, two customer bathrooms updated for handicap users, and equipment including freezers, ice makers, appliances, exterior signage, and commercial stainless steel display cases. The basement adds a second kitchen, storage, office, bathroom, and laundry facilities. A detached building provides additional storage, and a large walk-in freezer supports ice cream or other cold-storage needs. The property also includes outdoor seating and received a new roof in 2023.
Located at 4911 W Elm St in McHenry, the property has 120 frontage ft along Route 120 and sits on .42 acres. An annual average daily traffic count of 18,800 cars is reported for Route 120. The restaurant contains three bathrooms in total, and additional equipment includes an extra water heater and extra A/C units.
Located at 4911 W Elm St in McHenry, the property has 120 frontage ft along Route 120 and sits on .42 acres. An annual average daily traffic count of 18,800 cars is reported for Route 120. The restaurant contains three bathrooms in total, and additional equipment includes an extra water heater and extra A/C units.
Key Highlights
- Almost 1,900 sq ft of restaurant and prep space plus a 1,100 sq ft basement
- 120 frontage ft on Route 120 and .42 acres
- Annual average daily traffic count of 18,800 cars on Route 120
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,688
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,760
$713.8K
Cap Rate 7%
$509,829
$509.8K
Cap Rate 9%
$396,533
$396.5K
Market Conditions
NOI Build-Up for 3,039 SF
Gross rent
$51.1K $16.80/SF
− Vacancy
−$3.5K −$1.14/SF
EGI
$47.6K $15.66/SF
− OpEx
−$11.9K −$3.91/SF
NOI
$35.7K $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 Rate 5%
$713,760
Cap Rate 7%
$509,829
Cap Rate 9%
$396,533
Alternative Uses
Best Use
Specialty Retail
$509.8K
$446.1K – $594.8K
NOI $35,688 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$918.1K – $1.22M
NOI $73,446 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18,800 VPD
Traffic count
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Conventional restaurants in McHenry County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Remodeled restaurant property with updated kitchen, basement support space, commercial equipment, and outdoor seating.
Where is this conventional restaurant located?
The property is located at 4911 W Elm St McHenry, IL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Almost 1,900 sq ft of restaurant and prep space plus a 1,100 sq ft basement; 120 frontage ft on Route 120 and .42 acres; Annual average daily traffic count of 18,800 cars on Route 120
