Office
7314 Hancock Drive, Wonder Lake, IL 60097
For Sale
$300,000
Commercial Sale, Wonder Lake, IL
Property Size4,500 SF
Lot Size0.35 Acres
Price / SF$66.67
Days on Market1585
Property Features for 7314 Hancock Drive
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
RE/MAX Plaza · RE/MAX International
Listed By:
Christopher Hoelz · License #471004104
(847) 596-6100
Added: Jul 7, 2022
Changed: Oct 5
Last Checked: Nov 7 at 12:06AM
MLS# 11457645
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The office building at 7314 Hancock Drive contains approximately 4,500 square feet of rental space. Built in 1955, it has central air conditioning and concrete flooring. The property is zoned COMMR.
The office parcel has its own city water and sewer connections and may be sold separately from 7312 Hancock Drive, a corner parcel with a former gas station. The two properties together comprise 28,750 square feet of land.
The office parcel has its own city water and sewer connections and may be sold separately from 7312 Hancock Drive, a corner parcel with a former gas station. The two properties together comprise 28,750 square feet of land.
Key Highlights
- Approximately 4,500 square feet of rental office space at 7314 Hancock Drive
- Separate city water and sewer service for the office parcel
- Built in 1955; central air conditioning and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,371
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,420
$387.4K
Cap Rate 7%
$276,729
$276.7K
Cap Rate 9%
$215,233
$215.2K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$29.2K $6.48/SF
− Vacancy
−$1.5K −$0.33/SF
EGI
$27.7K $6.15/SF
− OpEx
−$8.3K −$1.84/SF
NOI
$19.4K $4.30/SF
Area
McHenry County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,420
Cap Rate 7%
$276,729
Cap Rate 9%
$215,233
Alternative Uses
Best Use
Office B
$886.4K
$775.6K – $1.03M
NOI $62,048 @ 7.0% cap · market cap 20.68%
Second Best
Specialty Retail
$754.9K
$660.6K – $880.7K
NOI $52,844 @ 7.0% cap · market cap 17.61%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,755 @ 7.0% cap · market cap 36.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Demographics for 60097, IL
10,849
Population
4,446
Households
2.4
Avg Household Size
40
Median Age
17%
College-Educated
93%
High-School Grad
16.0 sq mi
ZIP Area
678
Density / Sq Mi
$90,865
Median Household Income
$48,168
Median Earnings
$1,369
Median Rent
$215,700
Median Home Value
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Market
Properties on Market for Office buildings in McHenry County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The office property has its own city water and sewer service and may be purchased separately from the adjoining parcel.
Where is this office building located?
The property is located at 7314 Hancock Drive Wonder Lake, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Approximately 4,500 square feet of rental office space at 7314 Hancock Drive; Separate city water and sewer service for the office parcel; Built in 1955; central air conditioning and concrete flooring
