0 Church Rd & Grant Hwy Marengo, IL 60152
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.