Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1818 Highwood Rd, Unit 56 McHenry, IL 60050

    Sponsored
    For Sale
    $85,000

    LAND - McHenry, IL

    Lot size:
    1.94 Acres
    Days on Market:
    46
    Last Refresh:
    Jan 23 at 8:06 pm

    Property Features for 1818 Highwood Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SINGL
    APN
    1508452001
    Lot size
    1.94 Acres

    We can help!

    Listing Contact
    Tyler Lewke

    Keller Williams Success Realty (847) 381-9500

    Listing agent Tyler Lewke (815) 444-6790

    Listing date Dec 9, 2025

    MLS# 12524445 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    McHenry Land Parcel For Sale

    This 1.94-acre lot is located on a quiet dead-end street in unincorporated McHenry, Illinois, just off Dowell Road. The property is partially cleared and ready for a custom home. A completed soil test is available. The zoning is SINGL. The property offers the freedom to design a custom home without subdivision restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Kitchen & Bath Storage Facility Bar & Pub Travel Agency Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.204788
    Latitude
    42.302722

    Nearby Similar for Sale

    • $849,900
      3.10 Acres

      Versatile Commercial Property in McHenry

      Spacious property suitable for religious, community, or event use.
      5603 Bull Valley Rd, McHenry, IL 60050
      View Details
    • $410,000
      0.21 Acres

      Updated Mixed-Use Property For Sale

      Updated mixed-use property with retail and residential units in McHenry.
      1308 Park St, McHenry, IL 60050
      View Details
    • $998,500
      0.78 Acres

      Updated Industrial Building, Divisible Units

      Updated industrial building with flexibility for multiple units in McHenry.
      1717 Oak Dr, McHenry, IL 60050
      View Details
    • $425,000
      0.20 Acres

      Prime Corner Location in McHenry

      Storefront, office, and garage space in a high-traffic area.
      3331 W Elm Rt 120 St, McHenry, IL 60050
      View Details
    • $1,499,950
      4,302 SF

      McHenry Medical Office Investment

      Credit-rated tenant, long-term lease, and attractive demographics.
      633 Ridgeview Dr, McHenry, IL 60050
      View Details
    • $2,400,000
      20,000 SF

      McHenry Office Building For Sale

      20,000 SF office building for sale or lease.
      4209 W Shamrock Ln, McHenry, IL 60050
      View Details
    • $4,400,000
      35,852 SF

      Self Storage Investment Opportunity

      Self-storage facility on 2.91 acres with 5 buildings.
      305 Front St, McHenry, IL
      View Details
    • $355,000
      3,799 SF

      Furnished Executive Office Condo

      Furnished office condo with private offices and conference room.
      5400 W Elm St, McHenry, IL
      View Details
    • $1,495,000
      5,450 SF

      Established Restaurant and Entertainment Venue

      Profitable restaurant and entertainment venue with owner financing available.
      2816 W Il Rte, McHenry, IL
      View Details
    • Contact for pricing
      26,201 SF

      McHenry Industrial Property For Sale

      Industrial property suitable for warehousing and distribution in McHenry, IL.
      1207 Adams Dr, McHenry, IL
      View Details
    • $1,495,000
      5,450 SF

      Established Restaurant Opportunity in McHenry

      Turnkey restaurant with real estate, recipes, and equipment included.
      2816 Illinois 120, McHenry, IL 60051
      View Details
    • $550,000
      3,652 SF

      McHenry Bank Building - Prime Location

      Spacious bank building, high visibility, flexible lease options.
      4101 Shamrock Ln, McHenry, IL 60050
      View Details

    FAQs

    What type of property is this?
    Land - 1.94-acre lot in McHenry, ready for custom home build.
    Where is this land located?
    The property is located at 1818 Highwood Rd, Unit 56 McHenry, IL.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: - 1.94-acre lot offers space and privacy.; - Located on a quiet, dead-end street in unincorporated McHenry.; - Partially cleared lot with completed soil test.
    (815) 444-6790
    Request Owner's contact information
    1818 Highwood Rd, Unit 56 McHenry, IL 60050
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1818 Highwood Rd, Unit 56
    McHenry, IL 60050
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1818 Highwood Rd, Unit 56 McHenry, IL 60050
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tyler Lewke
    Real Estate License ID: 471002170
    (815) 444-6790
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.