3702 W Elm Street
McHenry, IL, 60050 Bedrooms-- Baths-- Monthly Estimate*
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An exceptional opportunity to acquire a newly remodeled gas station and convenience store with significant future development potential, including a large rear lot, private boat launch, and boat dock, in McHenry, Illinois. This turnkey property combines a modern, fully upgraded fueling operation with multiple potential revenue streams and valuable additional land that may offer opportunities for future expansion or development. The property has undergone extensive renovations and features brand-new DWFRP gasoline storage tanks, underground piping, underground electrical infrastructure, and upgraded Gilbarco fuel dispensers, providing a modern and efficient fueling operation. The property also features two separate retail storefronts, offering flexibility for multiple uses. The first storefront is dedicated to the gas station and convenience store, while the second provides an excellent opportunity for a sandwich shop, quick-service food concept, specialty retailer, or other complementary business, creating potential for additional rental or operating income. Adding to the property's appeal is its large rear lot with future expansion or development potential, as well as a private boat launch and boat dock, making this a unique opportunity that combines a traditional fuel and convenience business with valuable recreational and waterfront attributes. Approximately 18,000-gallon total fuel storage capacity 3,000 gallons - Premium gasoline 12,000 gallons - Regular gasoline 3,000 gallons - Diesel Gasoline supply agreement with a reputable distributor - 76 Brand Modernized equipment and fueling infrastructure Multiple potential revenue streams Attractive opportunity for an owner-operator or investor This is a rare and versatile investment opportunity offering an established gas station and convenience store, modern infrastructure, additional retail space, and substantial land, all in one property. The combination of fueling, retail, potential future development, and boating access provides a strong foundation for an owner-user, investor, or entrepreneur seeking to capitalize on the property's multiple income and growth opportunities.
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FeaturesGeneralCooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Concrete
Tenant Pays Air Conditioning Electricity Heat Taxes Insurance Scavenger Sewer All Utilities
Stories Count 1
Tax Year 2025
Current Use Commercial
Business Type Retail
County McHenry
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial
Status New
Directions Rte 120 between Route 31 North and Route 31 South
City McHenry
MLS Area Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
Tax Annual Amount 13549.56
Ok to Lease 24 Months
Lease Type Gross
Standard Status Active
Total Actual Rent 2999
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* Excluded FeaturesList ByCarnelian Realty GroupBroker
fawadshahidre@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- --
- Monthly Property Taxes
- $1,129
- Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyCommerical listings in McHenry, IL
Average List Price $686,863
Percent of Sale Price ∞
About McHenry, IL 27,316 Population
27% Since 2002
$ 65,449 Median Income
39.19 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/9/2026 | $0 | | Listed Price |