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    2212 Richmond Rd McHenry, IL 60051

    For Sale
    Contact for pricing

    Prime McHenry location, multiple development options.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 11-acre parcel in McHenry, Illinois, presents a unique investment opportunity with diverse development potential. Located at 2212 N Richmond Rd, 60051, this commercially-zoned land offers a range of possibilities, including multi-family residential, senior housing (assisted living or nursing home), medical facilities, office space, or even a cell tower. The property's strategic location is adjacent to the newly completed Authentix 288-unit apartment community (March 2023 completion), indicating strong market demand and potential for synergy. The seller will consider dividing the property, offering flexibility for various project scales. This property is ideal for developers seeking a prime location with high visibility and access to essential amenities. Consider this alongside the adjacent 26-acre parcel (separate listing) for even larger-scale development. The property is situated in McHenry County, Illinois, and offers significant potential for substantial returns. Serious inquiries are encouraged to explore the possibilities of this versatile and highly desirable land.

    Property Features for 2212 Richmond Rd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 11 acres of commercially zoned land in McHenry, IL, suitable for multi‑family, senior housing, or commercial development.
    • Located on Illinois Route 31.
    • Adjacent to a newly completed 288‑unit apartment complex.
    • Owner will consider subdividing the property.
    • For sale by owner; contact broker for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.264667440381
    Latitude
    42.358788997025

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    FAQs

    What type of property is this?
    Land - Prime McHenry location, multiple development options.
    Where is this land located?
    The property is located at 2212 Richmond Rd McHenry, IL.
    What are key features of this property?
    This property features: 11 acres of commercially zoned land in McHenry, IL, suitable for multi-family, senior housing, or commercial development.; Located on Illinois Route 31.; Adjacent to a newly completed 288-unit apartment complex.
    Request Owner's contact information
    2212 Richmond Rd McHenry, IL 60051
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    McHenry, IL 60051
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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
    2212 Richmond Rd McHenry, IL 60051
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