11312 Vine St Huntley, IL 60142
- Commercial real estate
- 1,656 SF
- 0.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 11312 Vine St
- Year built
- 1962
- Lot size
- 0.26 lot acres
- Property size
- 1,656 SF
- Property type
- Commercial real estate
- APN
- 18-33-106-045
- APU
- 1833106045
Description
This exceptional 1,656 square foot free-standing office building presents a unique investment opportunity in McHenry County. Situated at the hard corner of Route 47 and Mill Street, this property boasts unparalleled visibility and accessibility. The building, constructed in 1962, is a single-story structure with a single tenant occupancy. Currently vacant, the entire 1,656 square feet is available for immediate lease. The zoning is B2, allowing for a variety of uses. The interior features several private offices, a reception area, a full bathroom, and a partially finished basement, reflecting its previous use as a chiropractic office. This layout offers flexibility for various business needs. The location benefits from a high-income demographic, with average household incomes exceeding $108,259 within a three-mile radius, ensuring a strong potential customer base. The property's strategic location at the intersection of Route 47 and Mill Street provides excellent exposure to a high volume of traffic, making it ideal for a variety of office or retail uses. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving area. The building's existing infrastructure provides a solid foundation for immediate occupancy or customization to suit specific business requirements.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $280,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $330,000
- Retail
- $375,000
- Mixed-Use
- $275,000
- Hospitality
- $325,000
- Educational
- $335,000
- Residential Income
- $280,000
- Energy
- $350,000
- Income-Based Land
- $315,000
- Food Service
- $330,000
Location Insight
- Map
- Local Demand
- City
- Huntley
- County
- Mchenry
- State
- Illinois
- Longitude
- -88.4281
- Latitude
- 42.165
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA