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Property profile & analytics

741 Ridgeview Dr McHenry, IL 60050

  • Commercial real estate
  • 1,085 SF
Value Estimation
Location Intelligence
Property ID
US28-5893404
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 741 Ridgeview Dr

Year built
2004
Property size
1,085 SF
Property type
Commercial real estate
APN
14-03-380-009
APU
1403380009

Description

This exceptional McHenry, Illinois industrial flex condo offers 4,462 square feet of versatile space, ideally suited for a variety of businesses. The property, built in 2003, comprises two combined units (741 & 773 Ridgeview Drive) totaling 4,462 square feet, with a compelling price per square foot of $105.33. Unit 741 features 2,057 square feet of office space, thoughtfully divided into a first-floor area encompassing a large reception area, built-in desk, two private offices, a spacious conference room, kitchenette, and a bathroom. A 970-square-foot second-floor mezzanine office provides an open, naturally lit workspace. Unit 773 adds 2,405 square feet of heated warehouse space, boasting impressive 20-foot ceilings and a 12x14-foot drive-in door (DID). The property is zoned BP and features ample common parking both in front and behind the building. Conveniently located near Route 31 and Northwestern Hospital in McHenry (60050), this property presents a rare opportunity to acquire a well-maintained, functional space in a desirable location. The APN is 14-03-380-009,010. This two-story building offers a blend of modern office and efficient warehouse space, making it an attractive investment.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $245,000
  • CAP approach

    CAP return
    Estimation
    6%
    $235,000
    6.5%
    $215,000
    7%
    $220,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $230,000
    Geo Method
    $230,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $215,000
    Retail
    $220,000
    Mixed-Use
    $255,000
    Hospitality
    $250,000
    Educational
    $200,000
    Residential Income
    $190,000
    Energy
    $255,000
    Income-Based Land
    $235,000
    Food Service
    $210,000

Location Insight

  • Map
  • Local Demand
City
Mchenry
County
Mchenry
State
Illinois
Longitude
-88.2889
Latitude
42.317
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,531
$4,976
$30,546
$35,522
-
$14,928
$91,638
$106,566
More about this property
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