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    615 Chippewa Rd Harvard, IL 60033

    Sponsored
    For Sale
    $750,000

    Prime location, large lot, expansive space.

    Property size:
    11,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Harvard, IL business opportunity presents a rare find: a substantial 11,400 square foot industrial building situated on a generous 2.35-acre lot. The main building boasts a clear-span design, featuring 10,000 square feet of ground-floor industrial space (80 feet wide by 125 feet deep), ideal for various uses. Adding to its versatility, the property includes 1,400 square feet of office space on the ground floor and an additional 1,400 square feet of office space on the second floor. The building is equipped with robust infrastructure, including an 800-amp main electric service, bus ducts, and air lines, ensuring ample power and efficient climate control. Access is facilitated by one exterior dock and one drive-in door, streamlining loading and unloading operations. Benefitting from its strategic location within the Harvard-Woodstock Enterprise Zone, this property offers significant economic advantages. Furthermore, its proximity to I-90 (approximately 30 minutes away) provides excellent access to major transportation routes. The property includes additional PIN numbers: 01-34-200-020 and 01-34-200-021. This expansive property presents a unique opportunity for businesses seeking significant space and strategic location. The large lot allows for future expansion, making it an ideal investment for growth-oriented enterprises.

    Property Features for 615 Chippewa Rd

    General Information

    Property type
    Investment properties
    Square Feet
    11,400 SF
    Lot Size
    102,366 SF

    Building Details

    Year Built
    1992
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Harvard
    County
    McHenry
    State
    Illinois
    Longitude
    -88.62991
    Latitude
    42.4232

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    FAQs

    What type of property is this?
    Investment property - Prime location, large lot, expansive space.
    Where is this investment property located?
    The property is located at 615 Chippewa Rd Harvard, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    (815) 382-8126
    Request Owner's contact information
    615 Chippewa Rd Harvard, IL 60033
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    Harvard, IL 60033
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    Realmo Value Estimation

    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.

    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.

    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
    615 Chippewa Rd Harvard, IL 60033
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