Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    380 Bank Dr McHenry, IL 60050

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    380 Bank Dr McHenry, IL 60050

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 380 Bank Dr

    Year built
    2006
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property, located at 366-380 Bank Drive in McHenry, Illinois (zip code 60050), offers a diverse range of office spaces ideal for various businesses. The single building, constructed in 2006, features a total of 62 parking spaces and boasts 12-foot ceilings. Currently, there are no vacant spaces, however, 1,200 to 3,600 square feet of retail space, currently occupied by a gym, may become available within 60 days of lease signing. This high-visibility location, zoned B-1, is situated off busy Route 31, near the intersection of Bank Drive and Route 31, offering excellent accessibility and exposure. The property is part of the Parkview Plaza and is suitable for traditional, medical, or creative office uses. The space is end-cap and drive-thru capable. Existing tenants include a diverse mix of businesses such as Jimano's Pizza, Valley Nails and spa, China House, and RUSH Physical therapy, along with other nearby businesses including a Meat and Potato Eatery, Brunch Cafe, BP, McHenry Savings Bank, McDonalds, Culver's, Great Clips, UPS Store, and more. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 3,600 square feet. The property is located in the McHenry submarket of McHenry County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2742
    Latitude
    42.3231

    Comparable in this City

    • Value Estimation by Request
      20,290 SF

      618-620 State Rte

      Medical Office Space • 20,290 SF
      618-620 State Rte, McHenry, IL 60050
      View Details
    • Value Estimation by Request
      21,360 SF

      3913 Mercy Dr

      Medical Office Space • 21,360 SF
      3913 Mercy Dr, McHenry, IL 60050
      View Details
    • Value Estimation by Request
      15,503 SF

      400 State Rte

      Lifestyle centers • 15,503 SF
      400 State Rte, McHenry, IL 60050
      View Details
    • Value Estimation by Request
      9,556 SF

      1501 State Rte

      Restaurants • 9,556 SF
      1501 State Rte, McHenry, IL 60050
      View Details
    • Value Estimation by Request
      7,300 SF

      209 Front St

      Restaurants • 7,300 SF
      209 Front St, McHenry, IL 60050
      View Details
    • Value Estimation by Request
      2,250 SF

      904 State Rte

      Restaurants • 2,250 SF
      904 State Rte, McHenry, IL 60050
      View Details

    Similar Nearby for Sale

    • $425,000

      Corner Commercial Building with Garage

      Commercial building with garage, multiple offices, and parking.
      3331 W Elm St, McHenry, IL 60050
      View Details
    • New
      $325,000
      0.11 Acres

      Freestanding Retail/Office Building, High-Visibility Area

      Move-in ready retail/office building in high-traffic location.
      3425 W Elm St, 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 60050
      View Details
    • New
      $410,000
      0.20 Acres

      Prime Corner Commercial Building

      Spacious commercial building with storefront, office, and garage space.
      3331 W Elm Rt 120 St, 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
    • Contact for pricing
      64,473 SF

      McHenry Corporate Center Opportunity

      Office, medical, flex space available for sale or lease.
      1391 Corporate Dr, McHenry, IL 60050
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highly Visible Office Building

      Office building with high visibility and strong traffic counts.
      4450 Bull Valley Rd, McHenry, IL 60050
      View Details
    • Contact for pricing

      Turnkey Medical/Dental Office Space

      2,001 SF office space built as dental practice.
      4306 W Crystal Lake Rd, McHenry, IL 60050
      View Details
    • Contact for pricing

      Second Floor Office Suite For Rent

      316 SF office suite with shared banquet facility.
      5400 W Elm St, McHenry, IL 60050
      View Details
    • Contact for pricing

      Remodeled Office Unit For Rent

      Office unit for rent with utilities and internet included.
      1819 Dot St, McHenry, IL 60050
      View Details
    • $18 SF/Yr
      9,400 SF

      1689 Curran Rd

      Office properties & Spaces • 9,400 SF
      1689 Curran Rd, McHenry, IL 60050
      View Details
    • Contact for pricing

      McHenry Office Suites For Rent

      Office suites available in a multi-tenant building near Northwestern Hospital.
      3913 Mercy Dr, McHenry, IL 60050
      View Details
    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.
    380 Bank Dr
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!