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INVESTMENT HIGHLIGHTS
- Mixed-Use
- Steps From the Riverwalk
EXECUTIVE SUMMARY
Prime Mixed-Use Building in Downtown McHenry - Ideal Investment Opportunity! Located in the heart of Downtown McHenry on sought-after Green Street, this remodeled (2020) mixed-use building offers an excellent investment opportunity with strong cash flow potential. Just steps from Riverwalk festivities, restaurants, and shops, this property is perfectly positioned for both residential and commercial tenants. The first-floor commercial space features new mechanicals, electrical, and a new roof, providing a modern and updated space for businesses. Owner willing to also lease first floor commercial space! The second-floor residential unit is a spacious 1,600 sq. ft. apartment with 2 bedrooms and 1 bath, offering comfortable living with a huge backyard. Residential lease up in June, option to go month-to-month. With low maintenance costs and great income potential, this property is perfect for investors or owner-occupants looking to generate passive income. Don't miss this chance to own a prime mixed-use property in a thriving location!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,120 SF
Year Built/Renovated
1901/2019
Price
$525,000
Price Per SF
$168.27
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.10 AC
Zoning
C4 - C4
Parking
8 Spaces (2.56 Spaces per 1,000 SF Leased)
Frontage
5’ on North Green Street
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 09-26-455-008 | Improvements Assessment | $85,787 |
| Land Assessment | $13,669 | Total Assessment | $99,456 |
PROPERTY TAXES
Parcel Number
09-26-455-008
Land Assessment
$13,669
Improvements Assessment
$85,787
Total Assessment
$99,456
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1224 N Green St
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