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    1202 State Rte 31 McHenry, IL 60050

    Sponsored
    For Sale
    $2,300,000

    Prime 20-acre I-1 zoned development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20-acre industrial development site presents a compelling investment opportunity in McHenry, Illinois. Located on the high-traffic Route 31 corridor, this property boasts 740 feet of frontage and enjoys visibility to an estimated 18,000 vehicles daily. Its strategic position directly across from a major auto dealership ensures significant exposure and potential for high foot traffic. The relatively flat, non-wooded parcel is characterized by its readily accessible utilities, a significant advantage for streamlined development. Importantly, the site is free from wetlands and floodplains, minimizing environmental concerns and expediting the development process. The property's I-1 zoning designation opens doors to a wide range of industrial uses. Currently assessed at agricultural tax rates, the property offers significant potential for tax savings upon development. The APN is 14-11-100-001. This is a rare opportunity to acquire a well-situated, readily developable industrial site in a thriving McHenry County location. The asking price for this exceptional property is $2,300,000. The address is 1202 State Rte 31, McHenry, IL 60050.

    Property Features for 1202 State Rte 31

    General Information

    Property type
    Land

    HighLights

    • 20‑acre industrial development site in McHenry, IL.
    • 740 feet of frontage on high‑traffic Route 31, with visibility to 18,000 vehicles daily.
    • Located across from a major auto dealership.
    • Flat, readily developable parcel with accessible utilities, no wetlands or floodplains.
    • I‑1 zoning allows for various industrial uses.
    • Currently assessed at agricultural tax rates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2785893
    Latitude
    42.311834

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    FAQs

    What type of property is this?
    Land - Prime 20-acre I-1 zoned development site.
    Where is this land located?
    The property is located at 1202 State Rte 31 McHenry, IL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 20-acre industrial development site in McHenry, IL.; 740 feet of frontage on high-traffic Route 31, with visibility to 18,000 vehicles daily.; Located across from a major auto dealership.
    Request Owner's contact information
    1202 State 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
    1202 State Rte 31 McHenry, IL 60050
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