400-500 S Il Route 31 | Mchenry, IL 60050
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400-500 S Il Route 31
Mchenry, IL 60050
Retail Property For Sale
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
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,461 SF
Building Class
B
Year Built/Renovated
1960/2010
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.97 AC
Zoning
C-5
Parking
108 Spaces (6.99 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 14-02-100-058 | Improvements Assessment | $452,405 |
| Land Assessment | $64,135 | Total Assessment | $516,540 |
Property Taxes
Parcel Number
14-02-100-058
Land Assessment
$64,135
Improvements Assessment
$452,405
Total Assessment
$516,540
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