4911 W Elm Street McHenry, IL ^$ 460,000

4911 W Elm Street

^$ 460,000

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4911 W Elm Street

McHenry, IL, 60050

^$ 460,000

Studio Baths0.0 Sq 1,887

Monthly Estimate*

^$ 3,057

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Studio

Commercial Property for sale in McHenry, IL

for $460,000. This 1,887 square foot building was built on a lot size of 0.419995.

Popular operating sandwich and ice cream restaurant in business with current owner 47 years, known as Happy Jacks. Seating for 68 inside and outdoor seating on deck in summer. 1,887 SF plus basement containing additional prep kitchen, office and storage along with a 528 SF detached storage garage. New roof in 2023 (restaurant and garage). New ice cream display case, pole signage on busy Route 120 with over 18,800 vehicles per day. See list of FF&E. Additional upside by adding delivery, liquor and gaming. Enjoyable nostalgic atmosphere with much Coca Cola memorabilia. Inventory sold separately at cost. Currently closed on Sundays. Note: Potential to rent out garage with 100 amp service for $450-$500/mo. for extra income. Owner allocates $320,000 for real estate and $140,000 for the business.

Commercial Active

Price

^$ 460,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 9,990

Style

Restaurant

Lot Size

0.419995

Town/City

McHenry

County/Region

McHenry

MLS | Web ID

11986478

Features

General

Cooling Central Air Window Unit(s)

Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal

Possession Closing Negotiable

Roof Composition

Zoning COMMR

Construction Materials Wood Frame

Tenant Pays Air Conditioning Electricity Heat Janitorial Service Taxes Insurance Repairs Roof Scavenger Sewer

Stories 1

Tax Year 2022

Business Type Restaurant

Business Name HAPPY JACK'S

County McHenry

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Possible Use Commercial

Status Price Change

Directions Located on Route 120 (W Elm St) west of Route 31 and east of Ringwood Rd

City McHenry

MLS Area Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood

Lot Size Square Feet 18295

Waterfront Y/N N

Street Name Elm

Tax Annual Amount 9990.6

Additional Parcels Y/N N

Days on Market 101

Lease Type N/A

Standard Status Active

Ownership Type Individual

Exterior

Building Area Total 1887

Lot Dimensions 120 X 149

Frontage Type State Road

Interior

Street Suffix Street

* Excluded Features

List By

Premier Commercial Realty

Broker

brucek@premiercommercialrealty.com

Affordability Calculator

$3,890

Per Month

Monthly Principal & Interest: $3,057
Monthly Property Taxes: $833
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in McHenry, IL

Average List Price ^$619,544

Percent of Sale Price 35%

About McHenry, IL

27,316 Population

27% Since 2002

^$65,449 Median Income

39.19 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/21/2024	$420,000		Listed Price

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4911 W Elm Street, McHenry, IL, 60050 is a Commercial Property for sale at $460,000 with 1,887 sqft and a lot size of 0.419995. 4911 W Elm Street is a studio with 0.0 baths. The property's zip code is 60050 which is in McHenry, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/2/2024.

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4911 W Elm Street

Commercial Property for sale in McHenry, IL

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