Versatile Commercial Space in
For Sale
Contact for pricing
909 Front St McHenry IL, McHenry, IL 60050
5,000 SF commercial space with showroom and workshop.
Property Size5,292 SF
Lot Size0.31 Acres
Price / SF$149.26
Days on Market515
Property Features for 909 Front St McHenry IL
General Information
Standard status
Active
Size
5,292 SF
Class
A
Lot size
0.31 Acres
Property subtype
Mixed Use, Retail
Zoning
C-5
Lease Type
Gross
Building Details
Year Built
1957
Year Renovated
2012
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Dream Real Estate, Inc. - Strach
(815) 790-0833
Listed By:
Shawn Strach · License #IL 471.000585
Source:
Crexi
Added: Mar 24, 2025
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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 Dream Real Estate, Inc. - Strach
Investment Insights
Based on property information with market context.
This 5,000 SF commercial space is located in McHenry. The front of the building features a showroom with tile flooring and a full glass wall. The space benefits from 12-foot ceilings. The rear of the building, previously used as a small engine workshop, provides workspace with a 10-ft overhead door and 400 AMP power. There is also access to a fully fenced 108' x 125' lot with outdoor storage. The property includes 19 dedicated parking spaces and two bathrooms, one of which is equipped with a shower. The property is suitable for a range of businesses and offers visibility, space, and flexibility. The property size is 5,292 square feet.
Key Highlights
- Prime location in the heart of McHenry with outstanding visibility.
- Versatile 5,000 SF commercial space suitable for various businesses.
- Features a bright, open showroom with tile flooring and a full glass wall.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,772
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,095,440
$1.1M
Cap Rate 7%
$782,457
$782.5K
Cap Rate 9%
$608,578
$608.6K
Market Conditions
NOI Build-Up for 5,292 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.3K $18.00/SF
− Vacancy
−$7.6K −$1.44/SF
EGI
$87.6K $16.56/SF
− OpEx
−$32.9K −$6.21/SF
NOI
$54.8K $10.35/SF
Area
McHenry County, IL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,095,440
Cap Rate 7%
$782,457
Cap Rate 9%
$608,578
Alternative Uses
Best Use
Mixed Use
$782.5K
$684.7K – $912.9K
NOI $54,772 @ 7.0% cap · market cap 6.93%
Second Best
Retail
$729.5K
$638.3K – $851.1K
NOI $51,065 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,896 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
63k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - 5,000 SF commercial space with showroom and workshop.
Where is this mixed-use property located?
The property is located at 909 Front St McHenry IL McHenry, IL.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Prime location in the heart of McHenry with outstanding visibility.; Versatile 5,000 SF commercial space suitable for various businesses.; Features a bright, open showroom with tile flooring and a full glass wall.
