Property profile

3911-3929 Mercy Dr McHenry, IL 60050

OFF-MARKET
Office Spaces
21,360 SF 2.5 ac lot Built 2007
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Property summary

AI-generated overview

This exceptional 21,360 square foot, single-story multi-tenant office building is situated on a 2.5-acre lot at 3911-3929 Mercy Drive in McHenry, Illinois. Currently 58% leased, this property presents a compelling opportunity for both users and investors. The building boasts readily available office spaces totaling 6,499 and 1,450 square feet, perfect for expansion or immediate occupancy. Detailed financial information, including a rent roll and proforma operating statement, is available upon request. The asking price of $2,300,000 represents a significant discount compared to the cost of new construction, offering substantial value. Vacant office spaces are priced attractively at $12 per square foot. For owner-occupiers, SBA financing is available with a low 10% down payment, contingent upon occupying at least 51% of the building. The property includes a partial basement, adding to its overall functionality. Its convenient location near Northwestern and Mercy medical facilities provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-located, multi-tenant office building at a price point that significantly undercuts replacement cost. Don't miss this chance to secure a valuable asset in a thriving market.

Property profile

Verified
Property type Office Spaces
Year built 2007
Total area 21,360 SF
Lot 2.5 ac (108,900 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3911-3929 Mercy Dr McHenry, IL 60050
McHenry metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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