0 Marengo Rd Harvard, IL 60033
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.