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    Grant Hwy & Church Rd Marengo, IL 60152

    Sponsored
    For Sale
    $1,286,000

    25 Acres, B-3 Zoned, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25.2-acre parcel presents a significant development opportunity in Marengo, Illinois. Located at the intersection of S Grant Highway and Church Road, this B-3 zoned land offers considerable flexibility for various commercial and residential uses. The property's strategic location along Route 20 ensures high visibility and accessibility. The site is divisible, allowing for tailored development plans to meet specific needs. Potential access points from Grant Highway and Church Road are indicated in available sketches. The B-3 zoning in McHenry County permits a wide range of development options, details of which can be found via the provided zoning link (not included here). This offering includes approximately 25.2 acres, with the possibility of further expansion given the adjacent 90 acres of E-1 zoned land owned by the same entity. The total asking price for this significant land holding is $1,286,000. Note that acreage is approximate pending a formal survey. The property's APN is 17-28-400-004. This is a rare opportunity to acquire a substantial tract of land in a thriving area with excellent potential for future growth and return on investment. Serious inquiries are encouraged.

    Property Features for 0 Grant Hwy & Church Rd

    General Information

    Property type
    Land
    Lot Size
    1,097,712 SF

    HighLights

    • $1,286,000 asking price for 25.2 acres of B‑3 zoned land.
    • Located in Marengo, IL (McHenry County), at S Grant Highway & Church Road, APN 17‑28‑400‑004.
    • Zoned B‑3, allowing for multiple commercial and residential uses.
    • The property is divisible into smaller parcels.
    • Potential access from Grant Highway and/or Church Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marengo
    County
    McHenry
    State
    Illinois
    Longitude
    -88.5329284
    Latitude
    42.1752934

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    FAQs

    What type of property is this?
    Land - 25 Acres, B-3 Zoned, Prime Location
    Where is this land located?
    The property is located at Grant Hwy & Church Rd Marengo, IL.
    What is the asking price?
    The asking price for this property is $1,286,000.
    What are key features of this property?
    This property features: $1,286,000 asking price for 25.2 acres of B-3 zoned land.; Located in Marengo, IL (McHenry County), at S Grant Highway & Church Road, APN 17-28-400-004.; Zoned B-3, allowing for multiple commercial and residential uses.
    (815) 236-9816
    Request Owner's contact information
    Grant Hwy & Church Rd Marengo, IL 60152
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    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
    Grant Hwy & Church Rd Marengo, IL 60152
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