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    3703 Millstream Rd Marengo, IL 60152

    For Sale
    $625,000

    20-acre agricultural property with FAA-registered, lighted grass runway.

    Lot size:
    20.00 Acres

    Property Features for 3703 Millstream Rd

    General Information

    Lot size
    20.00 Acres

    Source: Beycome brokerage realty LLC Agent Misael Chacon

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

    Overview

    Fly-In Property in Marengo, IL

    This unique 20-acre A1-zoned agricultural property in Marengo, IL, offers a blend of country living and aviation opportunities. It features an FAA-registered, lighted grass runway (7IL3) measuring 1700' x 75' with a 230' displaced threshold. A ten-year conditional use permit for aircraft use was issued by McHenry County on August 20, 2024. The property includes a taxiway and driveway leading to open areas suitable for constructing a home, hangar, or both. The landscape is enhanced by mature evergreen and deciduous trees. This property is suited for aviation enthusiasts seeking privacy, space, and flexibility.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    HVAC Service Food Market Grocery Store Discount Store Electrical Service Garden Center Bakery Pet Grooming Service Supermarket Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    McHenry
    State
    Illinois
    Longitude
    -88.560625
    Latitude
    42.273938

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    FAQs

    What type of property is this?
    Farm - 20-acre agricultural property with FAA-registered, lighted grass runway.
    Where is this farm located?
    The property is located at 3703 Millstream Rd Marengo, IL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - FAA-registered, lighted grass runway (1700' x 75' + 230' displaced threshold); - Unique 20 Acres A1-zoned agricultural property; - Ten-Year Conditional Use Permit for aircraft use issued by McHenry County on Aug 20, 2024
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    3703 Millstream Rd Marengo, IL 60152
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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
    3703 Millstream Rd Marengo, IL 60152
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