2940 Commerce Dr Johnsburg, IL 60051
- Commercial real estate
- 103,822 SF
- 7.63 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2940 Commerce Dr
- Year built
- 2007
- Lot size
- 7.63 lot acres
- Property size
- 103,822 SF
- Property type
- Commercial real estate
- APN
- 09-23-204-002
- APU
- 923204002
Description
This exceptional 103,525 square foot retail space, formerly occupied by JCPenney, is available for lease or sale at The Shops at Fox River in Johnsburg, Illinois. Located at 2940 Commerce Drive, 60051, this property boasts a prominent position within a thriving shopping center, serving the expanding communities in the northwestern suburbs of the Chicago metropolitan area. The building offers unparalleled visibility and accessibility, situated on a 0.41-acre lot with 340 feet of frontage along Route 31, the primary retail artery in the McHenry market. This prime location ensures high traffic volume and excellent exposure for any business. The property's classification is retail, specifically a shopping center, making it ideal for a variety of retail uses. Its size and location present a unique opportunity for businesses seeking a substantial presence in a rapidly growing market. The property is situated in McHenry County, Illinois, offering easy access to major transportation routes and a strong local customer base. Serious inquiries are encouraged to explore the potential of this exceptional retail opportunity. The property is ready for immediate occupancy and offers significant potential for growth and profitability. Contact us today to learn more about leasing or purchasing this remarkable retail space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,070,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,130,000
- 6.5%
- $4,060,000
- 7%
- $4,355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,205,000
- Geo Method
- $4,775,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,490,000
- Retail
- $5,195,000
- Mixed-Use
- $3,955,000
- Hospitality
- $3,740,000
- Educational
- $5,070,000
- Residential Income
- $5,255,000
- Energy
- $5,085,000
- Income-Based Land
- $4,820,000
- Food Service
- $4,840,000
Location Insight
- Map
- Local Demand
- City
- Mchenry
- County
- Mchenry
- State
- Illinois
- Longitude
- -88.267
- Latitude
- 42.3696
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
