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    7 Galaxy Way Woodstock, IL 60098

    Sponsored
    For Sale
    $200,000

    1.84-Acre M-1 Zoned Lot, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.84-acre commercial and industrial land parcel presents a prime development opportunity in the desirable Lake Shore Business Park in Mundelein, Illinois. Located at 7 Galaxy Way, this graded lot boasts on-site utilities and off-site retention, simplifying the construction process. The attractive M-1 zoning allows for a wide range of uses, including industrial, office, or commercial development, providing significant flexibility for potential buyers. Benefit from low McHenry County taxes and the considerable development incentives and cost savings offered by the property's location within the McHenry County Enterprise Zone. This ready-to-build site is situated in a business park setting, offering an ideal location for businesses seeking a convenient and well-established environment. The asking price for this exceptional property is $200,000. The property's address is 7 Galaxy Way, Woodstock, IL 60098, and it is conveniently located in McHenry County. This is a rare opportunity to acquire a well-situated, fully-prepared lot in a thriving business park. Don't miss out on this chance to build your next project in a prime location.

    Property Features for 7 Galaxy Way

    General Information

    Property type
    Land
    Lot Size
    80,150 SF

    HighLights

    • 1.84‑acre commercial/industrial lot in Lake Shore Business Park, Mundelein, IL.
    • Graded lot with on‑site utilities and off‑site retention.
    • M‑1 zoning allows for diverse uses (industrial, office, commercial).
    • Low McHenry County taxes and Enterprise Zone incentives.
    • Asking price: $200,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Woodstock
    County
    McHenry
    State
    Illinois
    Longitude
    -88.413059
    Latitude
    42.282317

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    FAQs

    What type of property is this?
    Land - 1.84-Acre M-1 Zoned Lot, Ready to Build
    Where is this land located?
    The property is located at 7 Galaxy Way Woodstock, IL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 1.84-acre commercial/industrial lot in Lake Shore Business Park, Mundelein, IL.; Graded lot with on-site utilities and off-site retention.; M-1 zoning allows for diverse uses (industrial, office, commercial).
    Request Owner's contact information
    7 Galaxy Way Woodstock, IL 60098
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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
    7 Galaxy Way Woodstock, IL 60098
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