Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2212 Richmond Rd McHenry, IL 60051

    Property Lookup

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

    2212 Richmond Rd McHenry, IL 60051

    View on Map
    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2212 Richmond Rd

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    This exceptional 11-acre parcel in McHenry, Illinois, presents a unique investment opportunity with diverse development potential. Located at 2212 N Richmond Rd, 60051, this commercially-zoned land offers a range of possibilities, including multi-family residential, senior housing (assisted living or nursing home), medical facilities, office space, or even a cell tower. The property's strategic location is adjacent to the newly completed Authentix 288-unit apartment community (March 2023 completion), indicating strong market demand and potential for synergy. The seller will consider dividing the property, offering flexibility for various project scales. This property is ideal for developers seeking a prime location with high visibility and access to essential amenities. Consider this alongside the adjacent 26-acre parcel (separate listing) for even larger-scale development. The property is situated in McHenry County, Illinois, and offers significant potential for substantial returns. Serious inquiries are encouraged to explore the possibilities of this versatile and highly desirable land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2647
    Latitude
    42.3588

    Comparable in this City

    • Value Estimation by Request
      0.84 Acres

      2913 Grey Heron Ct

      Land • 0.84 Acres
      2913 Grey Heron Ct, Johnsburg, IL 60051
      View Details
    • Value Estimation by Request
      44.00 Acres

      Sheridan Rd

      Land • 44.00 Acres
      0 Sheridan Rd, Lakemoor, IL 60051
      View Details
    • Value Estimation by Request
      8.00 Acres

      27555 Il-120

      Land • 8.00 Acres
      27555 Il-120, Lakemoor, IL 60051
      View Details
    • Value Estimation by Request

      2192 Il-120

      Land
      2192 Il-120, McHenry, IL 60051
      View Details
    • Value Estimation by Request
      10.50 Acres

      28700 Rand Rd

      Land • 10.50 Acres
      28700 Rand Rd, Lakemoor, IL 60051
      View Details
    • Value Estimation by Request
      26.00 Acres

      Blake Rd

      Farms • 26.00 Acres
      0 Blake Rd, McHenry, IL 60051
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Lakemoor, Illinois

      Land parcels available for sale in Lakemoor, Illinois.
      27555 Il-120, Lakemoor, IL 60051
      View Details
    • New
      Contact for pricing

      Vacant Lots in McHenry, IL

      Vacant land requiring clearing and leveling in McHenry, Illinois.
      lot 8 & 9 Lily Lake Rd, McHenry, IL 60051
      View Details
    • New
      $269,900
      0.14 Acres

      Upgraded Duplex Near Chain O'Lakes

      Renovated two-unit property in McHenry near Chain O'Lakes.
      2604 Fair Oak Ln, McHenry, IL 60051
      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
    • $1,200,000

      2192 IL-120, McHenry, IL 60051

      Commercial land
      2192 Il-120, McHenry, IL 60051
      View Details
    • New
      $750,000
      15.48 Acres

      Premium Waterfront Motor Cave

      Oversized storage for boats, cars, and RVs with premium amenities.
      3309 N Chapel Hill Rd, Johnsburg, IL 60051
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing
      86,001 SF

      Commercial Space in Lakemoor, IL

      Three commercial suites available in Lakemoor, Illinois.
      27764 Old Volo Vlg Rd, Lakemoor, IL 60051
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in McHenry, Illinois.
      31 & Running Brk Farm Blvd, McHenry, IL 60051
      View Details
    • New
      Contact for pricing

      Commercial Property in McHenry, IL

      Commercial property available for rent in McHenry, Illinois.
      2912 W Il Route 120, McHenry, IL 60051
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail spaces available for lease.
      1711-1775 Richmond Rd, McHenry, IL 60051
      View Details
    • Contact for pricing
      3,130 SF

      Retail Space in McHenry Corridor

      Retail space available in high-visibility McHenry location.
      1711 Richmond Rd, McHenry, IL 60051
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail spaces available within high-traffic Meijer stores.
      2253 N Richmond Rd, McHenry, IL 60051
      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.
    2212 Richmond Rd
    McHenry, IL 60051
    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!