400-500 S Il Route 31 - Storefront Retail/Office FOR SALE
Mchenry, IL 60050 |
$4,450,000 USD
312-269-0220
400-500 S Il Route 31
Mchenry, IL 60050
HIGHLIGHTS
- Stabilized Investment Opportunity; 100% leased multi-tenant retail center with all tenants signed to landlord favorable net-leases
- 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
- Multiple points of Ingress/Egress from State Route 31 and Bank Drive providing excellent visibility along heavily trafficked Rte-31 (27,355 VPD)
- Property features a complimentary mix of regional retailers with high historical occupancy
- Surrounded by tenants such as; Starbucks, McDonald’s, Dunkin’, Great Clips, UPS Store, Aira Fitness, Northwestern Medicine McHenry Hospital, and more
- 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
FOR SALE DETAILS
PRICE
$4,450,000 USD
PRICE/SF
$288 USD /SF
CAP RATE
7.4%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
108
LAND DETAILS
LAND ACRES
1.97 AC
LAND SF
85,813 SF
ZONING
C-5
APN/PARCEL ID
14-02-100-058
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312-269-0220
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312-269-0220
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