Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    McHenry Corporate Center Opportunity Title is generated by Realmo AI

    1391 Corporate Dr, McHenry, IL 60050

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Office, medical, flex space available for sale or lease.

    Type:Office
    Property size:
    64,473 SF
    Price / SF:
    $46/SF
    Added:
    Feb 27, 2020
    Days on Market:
    2290
    Last Refresh:
    May 20 at 8:25 pm

    Property Features for 1391 Corporate Dr

    General Information

    Standard status
    Active
    Size
    64,473 SF
    Property subtype
    Office

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    Marc Bartolini
    Marc Bartolini

    Listing agent Marc Bartolini License #475.197287

    Listing office Entre Commercial Realty LLC

    Listing date Feb 27, 2020

    Source Crexi

    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 Entre Commercial Realty LLC

    HighLights

    • Located in Prestigious McHenry Corporate Center
    • User or Investor Potential With Income In Place
    • Flexible Unit Sizes and Layouts and Heavy Parking
    • Potential Uses: Office, Medical/Health, Call Center, Flex
    • Professionally Operated and Managed
    • Available For Sale or Lease

    Overview

    This property, located in the McHenry Corporate Center, is available for sale or lease, presenting opportunities for both users and investors with existing income. The property is suitable for office, medical/health, call center, and flex space uses. It features flexible unit sizes and layouts, along with ample parking. The property is professionally operated and managed. The building has a total size of 64473 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop 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
    -88.2851432
    Latitude
    42.3102871

    Nearby Similar for Sale

    • $350,000

      Professional Office Property For Sale

      Three-unit office property with high visibility and flexible occupancy.
      4901 W Elm Street, McHenry, IL 60050
      View Details
    • $209,900

      Multifamily Property for Sale

      For-sale multifamily property in McHenry, Illinois, positioned for buyers seeking residential income-oriented real estate.
      110 W Valley View Drive, McHenry, IL 60051
      View Details
    • $2,789,000
      7,035 SF

      Fully Occupied Retail Center

      Anchored retail center with strong tenants and high visibility.
      3501-3523 Diamond Dr, McHenry, IL 60050
      View Details
    • $975,000
      5,450 SF

      Established Restaurant and Entertainment Venue

      Profitable restaurant and entertainment venue with owner financing available.
      2816 W Il Route 120, McHenry, IL
      View Details
    • $99,900
      560 SF

      Downtown McHenry Commercial Space

      Own your business location in McHenry's established business district.
      3908 Main Street, McHenry, IL 60050
      View Details
    • $410,000

      Prime Corner Commercial Building

      Spacious commercial building with storefront, office, and garage space.
      3331 W Elm (Rt 120) Street, McHenry, IL 60050
      View Details
    • $200,000
      1,584 SF

      McHenry Office Condo Investment Opportunity

      Fully leased office condo near Northwestern Medicine McHenry Hospital.
      715 Ridgeview Drive, McHenry, IL 60050
      View Details
    • $475,000
      2,635 SF

      Professional Office Condo For Lease

      2,635 SF office condo near Northwestern Medicine McHenry Hospital.
      725-773 Ridgeview Dr, McHenry, IL
      View Details
    • $490,000

      Legal Three-Unit Building in McHenry

      Three-unit building in McHenry's historic district, built in 1988.
      3807 Main Street, McHenry, IL 60050
      View Details
    • $998,500

      Updated Industrial Building, Divisible Units

      Updated industrial building with flexibility for multiple units in McHenry.
      1717 Oak Drive, McHenry, IL 60050
      View Details
    • $125,000
      560 SF

      Downtown McHenry Commercial Space

      Own your business location in downtown McHenry's established business district.
      3908 Main Street, McHenry, IL 60050
      View Details
    • $789,900
      5,292 SF

      Versatile Commercial Space in McHenry

      5,000 SF commercial space with showroom and workshop.
      909 Front St, McHenry IL, McHenry, IL 60050
      View Details

    FAQs

    What type of property is this?
    Office building - Office, medical, flex space available for sale or lease.
    Where is this office building located?
    The property is located at 1391 Corporate Dr McHenry, IL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Located in Prestigious McHenry Corporate Center; User or Investor Potential With Income In Place; Flexible Unit Sizes and Layouts and Heavy Parking
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marc Bartolini
    Marc Bartolini
    Real Estate License ID: 475.197287
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1391 Corporate Dr, McHenry, IL 60050
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!