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    Marengo Rd Harvard, IL 60033

    Sponsored
    For Sale
    $1,962,378

    Prime 25.7-acre development site, ideal for mixed-use projects.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 25.7-acre parcel presents a unique investment opportunity in Harvard, Illinois. Located on Marengo Road, this property boasts a strategic location just seven miles south of the Illinois/Wisconsin border, offering convenient access to major transportation routes. The land is zoned R3 & B3, permitting a variety of commercial and residential developments. The city of Harvard actively supports senior housing, assisted living, memory care facilities, and other alternative uses, making this site particularly attractive for developers seeking to cater to a growing demographic. A preliminary site plan is available for review, providing a solid foundation for potential projects. The property's substantial size and flexible zoning regulations offer significant development potential, making it an ideal choice for investors seeking a high-return opportunity in a thriving community. The APN is 06-02-401-027. The asking price for this exceptional property is $1,962,378. This is a rare opportunity to acquire a large, well-located parcel with significant development potential in a supportive municipal environment.

    Property Features for 0 Marengo Rd

    General Information

    Property type
    Land
    Lot Size
    1,119,492 SF

    HighLights

    • 25.7‑acre parcel in Harvard, IL, on Marengo Road, seven miles south of the IL/WI border.
    • R3 & B3 zoning allows diverse commercial and residential development.
    • City of Harvard supports senior housing, assisted living, and memory care.
    • Preliminary site plan available.
    • APN: 06‑02‑401‑027; Asking price: $1,962,378.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Harvard
    County
    McHenry
    State
    Illinois
    Longitude
    -88.6182105
    Latitude
    42.4045772

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    FAQs

    What type of property is this?
    Land - Prime 25.7-acre development site, ideal for mixed-use projects.
    Where is this land located?
    The property is located at Marengo Rd Harvard, IL.
    What is the asking price?
    The asking price for this property is $1,962,378.
    What are key features of this property?
    This property features: 25.7-acre parcel in Harvard, IL, on Marengo Road, seven miles south of the IL/WI border.; R3 & B3 zoning allows diverse commercial and residential development.; City of Harvard supports senior housing, assisted living, and memory care.
    Request Owner's contact information
    Marengo Rd Harvard, IL 60033
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    Harvard, IL 60033
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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
    Marengo Rd Harvard, IL 60033
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