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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

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    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).
    (815) 363-2454
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    7318 Il-120 McHenry, IL 60050
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    McHenry, IL 60050
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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
    7318 Il-120 McHenry, IL 60050
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