McHenry Office Condo Investment
715 Ridgeview Drive, McHenry, IL 60050
Fully leased office condo near Northwestern Medicine McHenry Hospital.
Type:Commercial/Industrial
Property size:
1,584 SFPrice / SF:
$126/SF- Added:
- Mar 12, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 6 at 4:03 am
Property Features for 715 Ridgeview Drive
General Information
- Standard status
- Active
- Size
- 1,584 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2003
Listing agent Heather Schweitzer License #471019756
Listing office Premier Commercial Realty (847) 854-2300
Listing date Mar 12, 2026
Source Exitrealty
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
HighLights
- Fully leased 1,584 SF office condo providing immediate income.
- Existing tenant (One Hope United) with a lease through May 2029, including annual escalations and renewal option.
- Net Operating Income (NOI) of $19,365 with a 9.7% CAP rate.
- Professionally built‑out with 2 private offices, large conference room, reception area, file room, kitchenette, and private bathroom.
- Located near Northwestern Medicine McHenry Hospital.
- Includes 208 SF of additional storage space and common parking in front and rear.
Overview
This is a 1,584 square foot professional office condo with an additional 208 square feet of storage in the Capital Court Commons. The property features a buildout with two private offices, a large conference room that could serve as a third office, an open reception and clerical area, a file room, a kitchenette, and a private bathroom. The space benefits from natural light. The existing tenant, One Hope United, has a lease through May 2029 with annual escalations and an option to renew. The net operating income is $19,365, with a 9.7% capitalization rate. Common parking is available in the front and rear of the building. The property is located near Northwestern Medicine McHenry Hospital. Note that the photos were taken prior to tenant occupancy.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- McHenry
- County
- McHenry
- State
- Illinois
- Longitude
- -88.2883892
- Latitude
- 42.3172611
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Fully leased office condo near Northwestern Medicine McHenry Hospital.
Where is this office units located?
The property is located at 715 Ridgeview Drive McHenry, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Fully leased 1,584 SF office condo providing immediate income.; Existing tenant (One Hope United) with a lease through May 2029, including annual escalations and renewal option.; Net Operating Income (NOI) of $19,365 with a 9.7% CAP rate.
