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Property profile & analytics
OFF-MARKET
Land

0 Marengo Rd Harvard, IL 60033

25.7 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 25.7 ac (1,119,492 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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