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    914 Front St McHenry, IL 60050

    Sponsored
    For Sale
    $750,000

    Prime 2+ acre commercial site, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2+ acre commercial development site is strategically located on Route 31 in McHenry, Illinois, offering unparalleled visibility and accessibility. The property boasts 239 feet of frontage on Route 31, placing it within the heart of McHenry's bustling business corridor. Zoned C-5, this parcel presents a multitude of development opportunities, ideal for high-end retail, convenience services, or mixed-use projects. All utilities are readily available on-site, simplifying the development process. Its convenient location offers easy access to the Metra commuter rail, local shopping centers, and a variety of restaurants, enhancing its appeal to both businesses and customers. The property's 2022 appraised value was $1,150,000, significantly exceeding the current asking price of $750,000. Furthermore, a clean Phase II environmental assessment was completed in 2022, providing peace of mind for potential developers. The parcel's APN is 09-35-105-001. This is a rare opportunity to acquire a highly desirable development site in a thriving market. The land value is $10.88 per square foot. Don't miss this chance to capitalize on this prime location and significant price reduction. The address is 914 Front St, McHenry, IL 60050.

    Property Features for 914 Front St

    General Information

    Property type
    Land

    HighLights

    • 2+ acre commercial development site in McHenry, IL, on Route 31.
    • 239 feet of Route 31 frontage in a high‑traffic business corridor.
    • C‑5 zoning allows for retail, convenience, or mixed‑use development.
    • All utilities available on‑site.
    • 2022 appraised value: $1,150,000; asking price: $750,000.
    • Clean Phase II environmental assessment completed in 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2737182
    Latitude
    42.3411495

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    FAQs

    What type of property is this?
    Land - Prime 2+ acre commercial site, high traffic.
    Where is this land located?
    The property is located at 914 Front St McHenry, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 2+ acre commercial development site in McHenry, IL, on Route 31.; 239 feet of Route 31 frontage in a high-traffic business corridor.; C-5 zoning allows for retail, convenience, or mixed-use development.
    Request Owner's contact information
    914 Front St 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
    914 Front St McHenry, IL 60050
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