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    3911 Mercy Dr McHenry, IL 60050

    Sponsored
    For Sale
    $2,300,000

    21,360 SF Multi-Tenant Office, 58% Leased

    Property size:
    21,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 21,360-square-foot, single-story multi-tenant office building in McHenry, Illinois, presents a compelling investment or owner-user opportunity. Located at 3911 Mercy Dr, 60050, near Northwestern and Mercy medical facilities, this property boasts a desirable location and strong potential. Currently 58% occupied, the building offers immediate income generation with significant upside. Available spaces include 6,499 and 1,450 square feet, ideal for expansion or leasing to additional tenants. The asking price is $2,300,000, representing a pro-forma cap rate of 6.36% and a pro-forma NOI of $146,382. Detailed financial statements are available upon request. The building was constructed in 2007 and sits on APN 14-02-352-019,020, zoned O2. Vacant spaces are available for lease at $12 per square foot. A partial basement is present under approximately one-third of the building. SBA financing is available with as little as 10% down payment for owner-occupants leasing at least 51% of the building. This represents a significant opportunity to acquire a well-located office building at a price substantially below current construction costs. The property is suitable for both medical and executive office uses.

    Property Features for 3911 Mercy Dr

    General Information

    Property type
    Medical offices
    Square Feet
    21,360 SF

    Building Details

    Year Built
    2007

    HighLights

    • $2,300,000 asking price for a 21,360 square foot office building.
    • Located at 3911 Mercy Dr, McHenry, IL 60050.
    • 6.36% pro‑forma cap rate with a $146,382 pro‑forma NOI.
    • 58% occupancy, with available suites of 6,499 and 1,450 square feet.
    • Built in 2007, zoned O2, APN 14‑02‑352‑019,020.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.274098
    Latitude
    42.316249

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    FAQs

    What type of property is this?
    Medical office - 21,360 SF Multi-Tenant Office, 58% Leased
    Where is this medical office located?
    The property is located at 3911 Mercy Dr McHenry, IL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: $2,300,000 asking price for a 21,360 square foot office building.; Located at 3911 Mercy Dr, McHenry, IL 60050.; 6.36% pro-forma cap rate with a $146,382 pro-forma NOI.
    Request Owner's contact information
    3911 Mercy Dr McHenry, IL 60050
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3911 Mercy Dr McHenry, IL 60050
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