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400-500 S Il Route 31

15,461 SF 100% Leased Retail Building Mchenry, IL 60050 £3,552,323 (£230/SF) 7.25% Net Initial Yield

Investment Highlights

  • Stabilized Investment Opportunity; 100% leased multi-tenant retail center with all tenants signed to landlord favorable net-leases
  • Multiple points of Ingress/Egress from State Route 31 and Bank Drive providing excellent visibility along heavily trafficked Rte-31 (27,355 VPD)
  • Surrounded by tenants such as; Starbucks, McDonald’s, Dunkin’, Great Clips, UPS Store, Aira Fitness, Northwestern Medicine McHenry Hospital, and more
  • Less than a mile from Northwestern Medicine McHenry Hospital, a 143 licensed bed, ranking in the top 9% of hospitals in the nation for quality care
  • Property features a complimentary mix of regional retailers with high historical occupancy
  • Asset is located within a middle-class area with over 66,226 residents and an average household income of $123,400 within a 5-mile radius of the site

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,461 SF
Building Class
B
Year Built/Renovated
1960/2010
Price
£3,552,323
Price Per SF
£230
Net Initial Yield
7.25%
NOI
£257,543
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Land Acres
1.97 AC
Zoning
C-5
Parking
108 Spaces (6.99 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-02-100-058
Land Assessment
£45,003
Improvements Assessment
£290,381
Total Assessment
£335,383
  • Listing ID: 33565733

  • Date on Market: 18/10/2024

  • Last Updated:

  • Address: 400-500 S Il Route 31, Mchenry, IL 60050

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