3911-3929 Mercy Dr 20,584 SF 73% Leased Office Building Mchenry, IL 60050 $2,300,000 ($111.74/SF)
INVESTMENT HIGHLIGHTS
- Building has a partial basement under 1/3 of building.
- Value add potential
- Income generating property
EXECUTIVE SUMMARY
Multi-Tenant Office Building
20,584 SF
User/Investor Opportunity
73% leased 20,584 SF single story multi-tenant office building near Northwestern and Mercy medical facilities. Ideal for user/investor.
5,168 and 434 SF spaces available to lease or for user/investor.
See rent roll and proforma operating statement. Sale price way below cost to build new. Asking $12-$15 psf gross for vacant office spaces.
Note: Building has a partial basement under 1/3 of building.
20,584 SF
User/Investor Opportunity
73% leased 20,584 SF single story multi-tenant office building near Northwestern and Mercy medical facilities. Ideal for user/investor.
5,168 and 434 SF spaces available to lease or for user/investor.
See rent roll and proforma operating statement. Sale price way below cost to build new. Asking $12-$15 psf gross for vacant office spaces.
Note: Building has a partial basement under 1/3 of building.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
20,584 SF
Building Class
B
Year Built
2007
Price
$2,300,000
Price Per SF
$111.74
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,584 SF
Building FAR
0.19
Lot Size
2.50 AC
Zoning
O2
Parking
139 Spaces (6.75 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
3923 E: 434 SF 2 room office. $15 psf gross ($542.50/mo.)
3929: 5,168 SF with multiple private offices, conference room, kitchen, open clerical, 2 baths and shower. $12 psf gross ($5,168/mo.)
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 3923E | 434 SF | Office | - | Now |
| 1st Fl-Ste 3929 | 5,168 SF | Office | Full Build-Out | Now |
1st Fl-Ste 3923E
| Size |
| 434 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 3929
| Size |
| 5,168 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 14-02-352-020 | Total Assessment | $54,242 |
| Land Assessment | $54,242 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2023 |
