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Property profile & analytics
OFF-MARKET
Land

0 Church Rd & Grant Hwy Marengo, IL 60152

90 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 90-acre parcel presents a significant development opportunity in Marengo, Illinois. Strategically located along Grant Highway (Route 20), this E-1 zoned land offers two distinct sections. The east side, encompassing approximately 38 acres, is wooded, features a pond, and boasts stunning views from a hilltop location. This section is ideal for a residential development, potentially accessed via an easement from Grant Highway or Church Road. The west side comprises approximately 52 acres of flat, E-1 zoned land, perfectly suited for a subdivision. Access to this section could be facilitated via Church Road or Cornerstone Way. The total asking price for this expansive property is $2,250,000, with individual pricing available for the east ($950,000) and west ($1,300,000) sections. The property's location in unincorporated Marengo, with its 60152 zip code, provides convenient access to local amenities and transportation routes. Note that acreage is approximate pending a formal survey. Further details on permitted uses under the E-1 zoning designation are available via the provided zoning link. Adjacent to this property is an additional 25 acres of B-3 zoned land owned by the same entity. This presents a unique opportunity for a large-scale development project.

Property profile
Verified
Property type Land
Lot 90 ac (3,920,400 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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