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22159180
22159181

715 Ridgeview Dr, McHenry, IL 60050

HS
IL IL 471019756
Premier Commercial Realty
Listed by Premier Commercial Realty
$200,000
455 days on market
Updated 49 days ago

715 Ridgeview Dr.

Details
APN 14-03-380-015
Property Type Office
Sub Type Condo, Investment
Square Footage 1,584
Cap Rate 9.70%
NOI $19,365
Occupancy 100%
Year Built 2003
Stories 1
Zoning BP

Office | 9.70% CAP | 1,584 SF

Marketing description

Office Condo Investment Opportunity

1,584 SF

Fully Leased

UNIT 715: Fully leased 1,584 SF professional office condo with 208 SF of additional storage in the Capital Court Commons.

Beautifully buildout with 2 private offices, large conference room (could be 3rd office), open reception / clerical area, file room, kitchenette and private bathroom. Lots of natural light.

Existing tenant (One Hope United) has a lease signed through May of 2029 with annual escalations and an option to renew. (ask broker for financials and rent roll). NOI is $19,365 with a 9.7% CAP.

Common parking in front and rear of building. Located near Northwestern Medicine McHenry Hospital.

Adjacent condo also available for sale. Note: Photos taken prior to Tenant occupancy.

Listing Contacts

HS
IL IL 471019756
Premier Commercial Realty
Listed by Premier Commercial Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,365.00
$1,613.75/mo

Valuation Metrics

0
DSCR
9.68%
Cap Rate
9.68%
ROI

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Additional Information

Name
Heather Schweitzer
License
IL 471019756
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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