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Property Description
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.
Full Property Details
Full Property Details for 3702 W Elm St
General
- Price: $2
- Taxes: $13,549 (2025)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12781374
- Updated: 10/9/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Retail
- Years in Business: 1 to 3 Yea
Rental Information
- Lease/Rent Term: 24 Months
Location
- Area: Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
- County: McHenry
- Driving Directions: Rte 120 between Route 31 North and Route 31 South
- Location Details: High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Construction: Concrete
- Exterior Const.: Concrete
- Stories/Levels: 1
- Current Bldg. Use: Commercial
Lot Features
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- Lease Price: $2
- For Sale/Rent/Lease: For Rent Only
- Tax Amount: $13,549.56
- Tax Year: 2025
- Tenant Pays: Air Conditioning, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer, All Utilities
Listed by Carnelian Realty Group
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Schools
Schools serving 3702 W Elm St
School Districts:McHenry Community High School District 156, McHenry Community Consolidated School District 15
| Name | Grades | Distance |
|---|---|---|
Chauncey H Duker School 3711 Kane Avenue, McHenry, IL 60050 | 4-5 | 0.6 mi |
Hilltop Elementary School, McHenry, IL 2615 West Lincoln Road, McHenry, IL 60051 | K-3 | 1.1 mi |
Mchenry Middle School 2120 West Lincoln Road, McHenry, IL 60051 | 6-8 | 1.6 mi |
Mchenry High School-West Campus 4724 West Crystal Lake Road, McHenry, IL 60050 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3702 W Elm St
Date
Details
Price
Change
Source
10/09/2026
Listed
$2
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3702 W Elm St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,138
2%
$155,313
12%
2023
$12,854
3%
$139,144
8%
2022
$12,447
6%
$129,088
7%
2021
$11,762
—
$120,216
4%
2021
$11,762
4%
$115,205
5%
2019
$11,281
-6%
$109,396
5%
2018
$11,968
3%
$104,435
7%
2017
$11,570
3%
$98,015
7%
2016
$11,265
1%
$91,603
7%
2015
$11,186
-2%
$85,291
-2%
2014
$11,374
3%
$87,156
-3%
2013
$11,095
3%
$90,186
-8%
2012
$10,782
—
$97,975
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3702 W Elm St
3702 W Elm Street, McHenry, IL 60050 (MLS# 12781374) is a Business property. 3702 W Elm Street is currently listed for $2 and was received on October 09, 2026. Want to learn more about 3702 W Elm Street? Do you have questions about finding other Business real estate for sale in McHenry? You can browse all McHenry real estate or contact a Coldwell Banker agent to request more information.

