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    120 / Chapel Hl Rd McHenry, IL 60050

    Sponsored
    For Sale
    Contact for pricing

    96 Acres, High Visibility, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 96.88-acre commercial land parcel presents a unique development opportunity in McHenry, Illinois. Strategically located at the highly visible, signaled intersection of Route 120 and Chapel Hill Road, this property boasts 2,245 feet of highway frontage. The site is divisible into minimum 25-acre parcels, catering to various development plans. While the initial offering price is $239,580 per acre, adjustments may be considered based on parcel size and location. The remaining acreage is ideal for a variety of uses, including retail development (given its prime corner location), assisted living facilities, townhomes, apartments, and single-family residences. Utilities such as sewer and water are readily accessible nearby. The property's adjacency to a state park adds significant recreational appeal. The APN numbers are 10-31-151-030 and 10-31-301-002. This prime location offers unparalleled visibility and access, making it an exceptional investment opportunity. The property was originally 122.88 acres, with 26 acres already sold. This leaves 96.88 acres available for development.

    Property Features for 120 / Chapel Hl Rd

    General Information

    Property type
    Land
    Lot Size
    4,220,093 SF

    HighLights

    • 122.88‑acre total land parcel.
    • 26 acres previously sold.
    • 96.88 acres available for development.
    • Divisible into minimum 25‑acre sites.
    • Frontage on Route 120 and Chapel Hill Road.
    • Signalized intersection access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McHenry
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3044908
    Latitude
    42.3223041

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    FAQs

    What type of property is this?
    Land - 96 Acres, High Visibility, Development Ready
    Where is this land located?
    The property is located at 120 / Chapel Hl Rd McHenry, IL.
    What are key features of this property?
    This property features: 122.88-acre total land parcel.; 26 acres previously sold.; 96.88 acres available for development.
    Request Owner's contact information
    120 / Chapel Hl Rd 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
    120 / Chapel Hl Rd McHenry, IL 60050
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