1202 State Rte McHenry, IL 60050
This exceptional 20-acre industrial development site presents a compelling investment opportunity in McHenry, Illinois. Located on the high-traffic Route 31 corridor, this property boasts 740 feet of frontage and enjoys visibility to an estimated 18,000 vehicles daily. Its strategic position directly across from a major auto dealership ensures significant exposure and potential for high foot traffic. The relatively flat, non-wooded parcel is characterized by its readily accessible utilities, a significant advantage for streamlined development. Importantly, the site is free from wetlands and floodplains, minimizing environmental concerns and expediting the development process. The property's I-1 zoning designation opens doors to a wide range of industrial uses. Currently assessed at agricultural tax rates, the property offers significant potential for tax savings upon development. The APN is 14-11-100-001. This is a rare opportunity to acquire a well-situated, readily developable industrial site in a thriving McHenry County location. The asking price for this exceptional property is $2,300,000. The address is 1202 State Rte 31, McHenry, IL 60050.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.