Retail Space
1207 3rd Street McHenry, IL 60050
Details & Description
Price: $499,000
    2,700 SF first floor retail space with drive thru window (currently a dry cleaner who is retiring) plus 2,700 SF second floor with (4) 1-bedroom, 1 bath apartments generating $40,200/yr in rents with month to month leases. Ideal for user/investor. 0.55 acre site (3 PINs). Visible from Route 120 with pole signage. Apartments are separately metered for electric. Need some updating. Wall A/C units, laundry room. Property includes separate lot that could accommodate another building. 22 parking spaces. Priced below tax assessment ($561,320). Addl. PINs are 030 and 036. 2009 Phase I and II on file. Contact broker for rent roll
    Property Highlights
    Additional Photos
    Listing Agents
    Bruce Kaplan

    O: 847-854-2300
    M: 847-507-1759
    brucek@premiercommercialrealty.com
    Kevin Kaplan

    O: 847-854-2300
    M: 309-261-0920
    kevink@premiercommercialrealty.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1207 3rd Street

    McHenry, IL 60050

    Listing ID: 301633
    • 1207 3rd Street McHenry, IL 60050 | for Sale | Photo 1
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    • 1207 3rd Street McHenry, IL 60050 | for Sale | Photo 6
    • 1207 3rd Street McHenry, IL 60050 | for Sale | Photo 7
    • 1207 3rd Street McHenry, IL 60050 | for Sale | Photo 8
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    Building Size: 5,457 SF
    Lot Size: 0.550 AC
    Land Size: 23,958 SF
    Building $/SF: $91.44
    Land $/SF: $20.83
    Price
    $499,000
    Property Highlights
    Year Built 1970
    HVAC System Electric HW & Baseboard
    Electrical 200 AMP 3 Phase
    Sprinkled No
    Washrooms 1 per Space
    Ceiling Height 8.5 - 10 FT
    Parking 22
    Sewer/Water City
    Zoning C5
    RE Taxes $18,304.32 (2021)
    Description

    2,700 SF first floor retail space with drive thru window (currently a dry cleaner who is retiring) plus 2,700 SF second floor with (4) 1-bedroom, 1 bath apartments generating $40,200/yr in rents with month to month leases. Ideal for user/investor. 0.55 acre site (3 PINs). Visible from Route 120 with pole signage. Apartments are separately metered for electric. Need some updating. Wall A/C units, laundry room. Property includes separate lot that could accommodate another building. 22 parking spaces. Priced below tax assessment ($561,320). Addl. PINs are 030 and 036. 2009 Phase I and II on file. Contact broker for rent roll

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    Rockford History of Retail Space for Sale

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    McHenry Area Market Trends

    Listing Demographics for 1207 3rd Street McHenry, IL 60050

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population5,68031,83059,745
    Population Median Age414040
    Population by Age0-9 Yrs587 (10%)3234 (10%)6041 (10%)
    10-19 Yrs679 (11%)4220 (13%)8016 (13%)
    20-29 Yrs708 (12%)3896 (12%)7421 (12%)
    30-39 Yrs655 (11%)3841 (12%)6845 (11%)
    40-49 Yrs851 (14%)4415 (13%)7999 (13%)
    50-59 Yrs817 (14%)5235 (16%)10362 (17%)
    60-69 Yrs721 (12%)3627 (11%)7212 (12%)
    70+ Yrs662 (11%)3363 (10%)5849 (9%)
    Median HH Income$66,097$73,549$80,905
    Total Household Income< 24K433 (18%)1718 (13%)2552 (11%)
    25-49K455 (19%)2472 (19%)4082 (17%)
    50-74K418 (17%)2253 (17%)4234 (18%)
    75-99K287 (12%)1682 (13%)2968 (12%)
    100-199K599 (25%)3521 (27%)7123 (30%)
    200K+147 (6%)978 (7%)2179 (9%)
    Highest Education LevelNo Diploma35618762929
    Diploma or GED1533685812791
    Some College98752759562
    Assoc. Degree25219943796
    Bachelors Degree70247669387
    Higher Degree26118133566
    Total Housing Units2,39313,12424,446
    --Owner-Occupied1,4959,59617,866
    --Renter-Occupied8443,0275,271
    Owner-Occupied Values< 100K1308071323
    100-199K77044007365
    200-299K36827034885
    300-399K17010272600
    400-499K323861010
    500K+24273683
    Total Working Age Population4,63325,90948,598
    In Work Force3,12117,71833,802
    Not In Work Force1,5128,19114,796
    Workforce Employed2,97316,95932,321
    Workforce Unemployed1487591,465
    Civlian Workforce3,12117,71833,786
    Military Workforce0016
    Total Households2,33912,62323,137
    Family Households1,4728,36515,942
    Non-Family Households8674,2597,195
    Married Couple1,1596,73812,857
    Other Family3131,6273,085
    Married w/Child4292,5944,695
    Single Male w/Child44259535
    Single Female w/Child1206131,167

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Lake County644,356+9703,462+17820,250+6873,024
    McHenry County260,077+19308,760+32407,931+9443,398

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1207 3rd Street in McHenry?
    The asking price for 1207 3rd Street is $499,000
    What is the building size of this Retail property in McHenry, IL?
    The size of the building/unit at 1207 3rd Street in McHenry is 5,457 square feet
    How much land does the McHenry, IL property at 1207 3rd Street include?
    1207 3rd Street in McHenry includes 0.550 acres of land
    What kind of Retail is the propery at 1207 3rd Street?
    The property at 1207 3rd Street McHenry, IL 60050 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 1207 3rd Street in McHenry?
    The population within 1 mile of 1207 3rd Street McHenry, IL 60050 is 5,680 people.
    Who do I contact for questions about 1207 3rd Street?
    You should contact the listing agent, Bruce Kaplan , for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago O'Hare International Airport (ORD) 31
    Chicago Rockford International Airport (RFD) 44
    General Mitchell International Airport (MKE) 46
    Price
    $499,000
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