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    1510 Illinois Rte 31 McHenry, IL 60050

    Sponsored
    For Sale
    $450,000

    Prime I-1 zoned land, high traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4.2-acre development site in McHenry, Illinois, presents a unique investment opportunity. Located at 1510 S Illinois Rte 31, this property boasts 345 feet of frontage on Route 31, a major business corridor experiencing a daily traffic count of 18,800 vehicles. The land is zoned I-1, offering versatility for various commercial and industrial uses. Utilities are conveniently located adjacent to the site, simplifying development. The relatively flat, non-wooded parcel is situated in a low-risk flood area, free from wetlands and floodplains. This presents a low-risk development opportunity. The property comprises two parcels and is currently assessed based on its agricultural use. The asking price is $450,000, translating to $2.58 per square foot. The property's location in McHenry County, Illinois, zip code 60050 (latitude 42.3074219, longitude -88.2817086), and its APN is 14-10-277-002. This site offers significant potential for developers seeking a high-visibility location with excellent access and minimal environmental concerns. The adjacent American Community Bank further enhances the area's commercial viability.

    Property Features for 1510 Illinois Rte 31

    General Information

    Property type
    Farms

    HighLights

    • $450,000 asking price for 4.2 acres of land.
    • Located at 1510 S Illinois Rte 31, McHenry, IL 60050 (APN: 14‑10‑277‑002).
    • I‑1 zoning.
    • $2.58/SF land value.
    • 345' of frontage on Route 31, a major business corridor with 18,800 daily traffic counts.
    • Utilities are adjacent to the site. The land is relatively flat, low‑risk flood area, non‑wooded, and free of wetlands and floodplains.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2817086
    Latitude
    42.3074219

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    FAQs

    What type of property is this?
    Farm - Prime I-1 zoned land, high traffic location.
    Where is this farm located?
    The property is located at 1510 Illinois Rte 31 McHenry, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price for 4.2 acres of land.; Located at 1510 S Illinois Rte 31, McHenry, IL 60050 (APN: 14-10-277-002).; I-1 zoning.
    Request Owner's contact information
    1510 Illinois Rte 31 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
    1510 Illinois Rte 31 McHenry, IL 60050
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