Property summary
This exceptional investment opportunity presents two medical office buildings totaling 20,290 square feet, situated on a 1.72-acre lot in McHenry, Illinois. The property, located at 618-620 State Route 31, enjoys a highly desirable location directly across from Northwestern Medicine McHenry Hospital. The buildings, constructed between 1990 and 1996, are masonry structures (brick and block with steel beams). Building 620 offers 10,058 square feet of space, previously configured as a medical clinic with eight offices and ten bathrooms. Building 618 comprises 10,232 square feet, with one suite featuring a former medical office, two bathrooms, and several treatment/exam rooms. The remaining space in Building 618 is a raw, unfinished shell, offering significant flexibility for future development. The property is being sold "as is," presenting a unique chance to renovate and complete the unfinished building to suit individual needs. The property is zoned O1 and includes ample parking shared with an adjacent building (616, not included in this sale). This presents a compelling opportunity for investors seeking a high-return medical office property in a thriving healthcare market. The asking price is $799,000, translating to $39.38 per square foot.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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