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    FOR SALE
    Industrial properties

    1391 Corporate Dr, McHenry, IL 60050

    64,488 SF 6.5 ac lot Built 1994
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US28-1436122
    Property summary
    AI-generated overview

    This exceptional Class A office building, located at 1391 Corporate Drive in McHenry, Illinois, presents a unique investment opportunity. Boasting 64,473 square feet on a 6.5-acre lot, this 1994-built property is currently configured for multi-tenant occupancy, with two existing tenants occupying 10% of the space. The building offers a flexible layout suitable for various uses, including executive offices, medical offices, call centers, or light production. High-quality finishes and abundant natural light create a desirable work environment. The property features a 4:1000 parking ratio, ensuring ample parking for tenants and visitors. The building is professionally managed, offering a seamless transition for new ownership. Currently listed at $4,000,000, this property presents a compelling opportunity for both owner-occupiers and investors seeking a high-image, multi-tenant facility in a prime McHenry County location. The building's flexible design allows for single-user or multi-tenant options, catering to a wide range of business needs. The property is situated in McHenry, IL, zip code 60050, offering convenient access to major transportation routes and amenities. This turnkey opportunity includes fully furnished spaces, ready for immediate occupancy. The net lease structure provides a straightforward and efficient ownership model. Don't miss this chance to acquire a well-maintained, high-quality office building in a thriving market.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1994
    Total area 64,488 SF
    Lot 6.5 ac (283,140 SF)
    APN 14-10-201-006
    UPID US28-1436122
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.03M
    Blend (final) Blend
    $2.51M
    Owner & transaction history
    Papazyan Illinois Proeprties LLC · 7 yrs held
    Papazyan Illinois Proeprties LLC
    since 2018
    3 recorded transactions
    2018
    $1.8M
    2017
    $775,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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