0 Grant Hwy & Church Rd Marengo, IL 60152
This exceptional 25.2-acre parcel presents a significant development opportunity in Marengo, Illinois. Located at the intersection of S Grant Highway and Church Road, this B-3 zoned land offers considerable flexibility for various commercial and residential uses. The property's strategic location along Route 20 ensures high visibility and accessibility. The site is divisible, allowing for tailored development plans to meet specific needs. Potential access points from Grant Highway and Church Road are indicated in available sketches. The B-3 zoning in McHenry County permits a wide range of development options, details of which can be found via the provided zoning link (not included here). This offering includes approximately 25.2 acres, with the possibility of further expansion given the adjacent 90 acres of E-1 zoned land owned by the same entity. The total asking price for this significant land holding is $1,286,000. Note that acreage is approximate pending a formal survey. The property's APN is 17-28-400-004. This is a rare opportunity to acquire a substantial tract of land in a thriving area with excellent potential for future growth and return on investment. Serious inquiries are encouraged.
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
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.