741 Ridgeview Dr McHenry, IL 60050
- Commercial real estate
- 1,085 SF
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
-
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