633 Ridgeview Dr | Mchenry, IL 60050
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
633 Ridgeview Dr
Mchenry, IL 60050
Office Property For Sale
INVESTMENT HIGHLIGHTS
- CREDIT-RATED NATIONAL TENANT: Leased in its entirety to Advocate Medical Group, a subsidiary of Advocate Health
- CONTRACTUAL RENT ESCALATIONS: Annual increases of $0.50 per square foot provide built-in revenue growth and hedge against inflation.
- ATTRACTIVE LOCAL DEMOGRAPHICS: Located within a strong suburban market characterized by high household incomes
- STABILIZED CASH FLOW WITH LONG-TERM LEASE: Recently extended lease term through 2030 ensures sustained rental income and minimizes near-term rollover
- MINIMIZED LANDLORD OBLIGATIONS: Tenant is responsible for interior maintenance, landscaping, and snow removal, limiting landlord responsibilities
- PURPOSE-BUILT MEDICAL INTERIOR: Modern clinical build-out features seven exam rooms and an on-site lab
PROPERTY FACTS
Property Type
Office
Building Size
4,302 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,302 SF
Building FAR
0.14
Lot Size
0.71 AC
Parking
29 Spaces (6.74 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $151,201 | |
| Land Assessment | $78,115 | Total Assessment | $229,316 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$78,115
Improvements Assessment
$151,201
Total Assessment
$229,316
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
