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7318 Il-120 McHenry, IL 60050

Sponsored
For Sale
$2,245,000

Prime McHenry location, development opportunity.

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional 28-acre commercial land parcel presents an unparalleled development opportunity in McHenry, Illinois. Located at the highly visible traffic light intersection of IL Route 120, this property boasts unparalleled access and visibility. The site is directly adjacent to the Stonewater subdivision, a rapidly growing community of 3,000 homes currently under development, ensuring a substantial and immediate customer base. Sewer and water utilities are readily available at the property line, simplifying infrastructure development. The property's zoning permits commercial use, opening doors to a wide range of possibilities, including but not limited to a supermarket, gas station, restaurant, convenience store, or hotel. The expansive acreage also allows for significant residential development potential, complementing the existing residential growth. The seller is motivated and open to various transaction structures, including the sale of smaller portions of the land or a land lease agreement. The possibility of a Planned Unit Development (PUD) or a joint venture is also open for discussion. This is a truly exceptional opportunity to capitalize on the explosive growth in this area, securing a prime location before further development significantly increases land values. The McHenry Village is actively seeking to collaborate with developers, making this an ideal investment for those seeking a strategic partnership. This is a ground-floor opportunity in a booming market.

Property Features for 7318 Il-120

General Information

Property type
Land
Lot Size
1,219,680 SF

HighLights

  • High‑visibility corner lot at a traffic light intersection on IL Route 120 in McHenry, IL.
  • Adjacent to a 3,000‑home Stonewater subdivision under development.
  • 28‑acre parcel zoned for commercial use, with potential for various developments (e.g., retail, hotel).
  • Motivated seller open to various transaction structures, including partial sales and joint ventures; McHenry Village seeks developer partnerships.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
McHenry
County
McHenry
State
Illinois
Longitude
-88.345413225689
Latitude
42.356508263718

FAQs

What type of property is this?
Land - Prime McHenry location, development opportunity.
Where is this land located?
The property is located at 7318 Il-120 McHenry, IL.
What is the asking price?
The asking price for this property is $2,245,000.
What are key features of this property?
This property features: High-visibility corner lot at a traffic light intersection on IL Route 120 in McHenry, IL.; Adjacent to a 3,000-home Stonewater subdivision under development.; 28-acre parcel zoned for commercial use, with potential for various developments (e.g., retail, hotel).
More about this property
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