Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5198 Bull Valley Rd McHenry, IL 60050

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 10-acre development site in McHenry, IL

    Property Features for 5198 Bull Valley Rd

    General Information

    Property type
    Land
    Lot Size
    439,956 SF

    We can help!

    Listing Contact
    Jack Minero

    Listing Agency: BERKSHIRE HATHAWAY HOMESERVICES STARCK REAL ESTATE Listing Agent: Jack Minero

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 10.1-acre commercial land parcel presents a unique investment opportunity in McHenry, Illinois. Located at 5198 Bull Valley Road, this property boasts 1,227 feet of frontage along Bull Valley Road, a major thoroughfare with a daily traffic count of 13,200 vehicles. The site is zoned MULTI, allowing for multi-family development and other commercial uses, making it highly versatile and attractive to a wide range of developers. All essential city utilities are readily available, including sewer, water, natural gas, and electricity. A clean Phase I environmental report confirms minimal environmental risk, and the property sits in a low-flood-risk area, further enhancing its desirability. Currently used for farming, this non-wooded parcel offers a blank canvas for future development. The asking price is $1,100,000. This property's strategic location, combined with its approved zoning and readily available utilities, presents a compelling opportunity for significant return on investment. Don't miss this chance to acquire a prime development site in a thriving Illinois community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -88.2981882
    Latitude
    42.3203107

    Nearby Similar for Sale

    • $849,900
      3.10 Acres

      Versatile Commercial Property in McHenry

      Spacious property suitable for religious, community, or event use.
      5603 Bull Valley Rd, McHenry, IL 60050
      View Details
    • $269,900
      2,486 SF

      High-Traffic Commercial Building in McHenry

      Adaptable commercial building on a high-traffic corridor.
      2904 W Il Route 120, McHenry, IL 60051
      View Details
    • New
      $114,900
      560 SF

      Downtown McHenry Commercial Space

      Own your business location in McHenry's established business district.
      3908 Main St, McHenry, IL 60050
      View Details
    • $400,000
      0.21 Acres

      Updated Mixed-Use Property For Sale

      Updated mixed-use property with retail and residential units in McHenry.
      1308 Park St, McHenry, IL 60050
      View Details
    • New
      $239,900
      0.32 Acres

      Two-Unit Home with River Views

      Move-in ready duplex with rooftop deck and Fox River views.
      814 N River Rd, McHenry, IL 60051
      View Details
    • $998,500
      0.78 Acres

      Updated Industrial Building, Divisible Units

      Updated industrial building with flexibility for multiple units in McHenry.
      1717 Oak Dr, McHenry, IL 60050
      View Details
    • $200,000

      McHenry Office Condo Investment Opportunity

      Fully leased office condo near Northwestern Medicine McHenry Hospital.
      715 Ridgeview Dr, McHenry, IL 60050
      View Details
    • $475,000
      4,846 SF

      Professional Office Condo For Lease

      2,635 SF office condo near Northwestern Medicine McHenry Hospital.
      725-773 Ridgeview Dr, McHenry, IL 60050
      View Details
    • $1,495,000
      5,450 SF

      Established Restaurant Opportunity in McHenry

      Turnkey restaurant with real estate, recipes, and equipment included.
      2816 Illinois 120, McHenry, IL 60051
      View Details
    • Contact for pricing

      McHenry Industrial Property For Sale

      Industrial property suitable for warehousing and distribution, near Route 120.
      1201 Adams Dr, McHenry, IL 60051
      View Details
    • $625,000
      4,670 SF

      McHenry Multi-Unit Brick Building

      Five-unit building, high-traffic location.
      607 Front St, McHenry, IL 60050
      View Details
    • $1,495,000
      5,450 SF

      Established Restaurant and Entertainment Venue

      Profitable restaurant and entertainment venue with owner financing available.
      2816 W Il Rte 120, McHenry, IL
      View Details

    FAQs

    What type of property is this?
    Land - Prime 10-acre development site in McHenry, IL
    Where is this land located?
    The property is located at 5198 Bull Valley Rd McHenry, IL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for 10.1 acres of commercial land.; Multi-family and other commercial uses permitted.; City utilities available (sewer, water, natural gas, electric).
    (815) 459-5900 Call to check price and availability
    Request Owner's contact information
    5198 Bull Valley Rd McHenry, IL 60050
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5198 Bull Valley Rd
    McHenry, IL 60050
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5198 Bull Valley Rd McHenry, IL 60050
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jack Minero
    Real Estate License ID: 475127381
    (815) 459-5900 (815) 382-9728
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!