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

    S Il Rte 47 & Princeton Dr Huntley, IL

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,799,028

    Commercial land development opportunity with high visibility and traffic.

    Lot size:
    2.95 Acres

    Property Features for S Il Rte 47 & Princeton Dr

    General Information

    Lot size
    2.95 Acres

    We can help!

    Listing Contact
    Tim Billimack
    Tim Billimack
    Source: Moodyscre

    Listing Agent: Tim Billimack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Land on IL Route 47

    This commercial land offers development opportunities in Huntley, Illinois, with frontage on Illinois Route 47, which sees 27,500 vehicles per day. The location provides high visibility and is near many national retailers and restaurants. The surrounding area has an affluent population, with an average household income exceeding $99,058 within a 3-mile radius. Ideal uses for the property include retail, fast food, professional office space, a grocery store, a household furnishings shop, a liquor store, a salon or barber shop, and a hotel.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Huntley
    County
    McHenry
    State
    Illinois
    Longitude
    -88.4281415
    Latitude
    42.1680796

    Nearby Similar for Sale

    • $899,000
      5.00 Acres

      Huntley Land Investment Opportunity

      Land in Huntley, IL, offering potential for multifamily investment.
      9204 Haligus Rd, Huntley, IL 60142
      View Details
    • $381,990

      New Single-Story Duplex Home

      Two-bedroom duplex with study in amenity-rich Huntley community.
      12215 Barcroft Cir, Huntley, IL 60142
      View Details
    • $381,990

      New Duplex in Huntley

      Single-story duplex with modern comfort near downtown Huntley.
      12235 Barcroft Cir, Huntley, IL 60142
      View Details
    • $359,900
      1,604 SF

      Remodeled Home in Sun City 55+

      Completely remodeled 1,600+ sq ft home in Sun City 55+.
      13517 Hemlock Rd, Huntley, IL 60142
      View Details
    • $315,000
      1,577 SF

      Talamore Townhouse with Modern Amenities

      Three-bedroom townhouse in Talamore subdivision with clubhouse and pool.
      9989 Cummings St, Huntley, IL 60142
      View Details
    • $1,690,000
      19,927 SF

      Huntley Industrial Flex Space

      19,927 SF industrial building in Huntley, Illinois for sale.
      10991 Ruth Rd, Huntley, IL 60142
      View Details
    • Contact for pricing
      259,780 SF

      Huntley Industrial Campus For Sale

      Three buildings, 84 acres, I-90 access.
      47 Big Timber Rd, Huntley, IL 60142
      View Details
    • Contact for pricing
      39,120 SF

      Huntley Industrial Facility

      Modern Distribution Center, Ready for Occupancy
      14301 Weber Dr, Huntley, IL 60142
      View Details
    • $4,500,000
      59,400 SF

      Huntley Tech Center: Prime Industrial

      59,400 SF Flex Space, Multi-Tenant
      11173-11193 Dundee Rd, Huntley, IL 60142
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land development opportunity with high visibility and traffic.
    Where is this commercial land located?
    The property is located at S Il Rte 47 & Princeton Dr Huntley, IL.
    What is the asking price?
    The asking price for this property is $1,799,028.
    What are key features of this property?
    This property features: - Prime frontage on heavily traveled IL Route 47—**27,500 VPD!**; - High visibility with many national retailers and restaurants nearby.; - Affluent population: average household income exceeding $99,058 within 3 mile radius.
    (815) 355-0196
    Request Owner's contact information
    S Il Rte 47 & Princeton Dr Huntley, IL
    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.
    S Il Rte 47 & Princeton Dr
    Huntley, IL
    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
    S Il Rte 47 & Princeton Dr Huntley, IL
    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
    Tim Billimack
    Tim Billimack
    (815) 355-0196
    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.