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    Church Rd & Grant Hwy Marengo, IL 60152
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    Property profile & analytics

    Church Rd & Grant Hwy, Marengo, IL 60152

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    • Land
    • 90.00 lot acres
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Church Rd & Grant Hwy

    Lot size
    90.00 lot acres
    Property type
    Land

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Marengo
    County
    McHenry
    State
    Illinois
    Longitude
    -88.5329
    Latitude
    42.1753
    More about this property
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