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Property profile & analytics
OFF-MARKET
Land

914 Front St McHenry, IL 60050

Property ID
Property summary
AI-generated overview

This exceptional 2+ acre commercial development site is strategically located on Route 31 in McHenry, Illinois, offering unparalleled visibility and accessibility. The property boasts 239 feet of frontage on Route 31, placing it within the heart of McHenry's bustling business corridor. Zoned C-5, this parcel presents a multitude of development opportunities, ideal for high-end retail, convenience services, or mixed-use projects. All utilities are readily available on-site, simplifying the development process. Its convenient location offers easy access to the Metra commuter rail, local shopping centers, and a variety of restaurants, enhancing its appeal to both businesses and customers. The property's 2022 appraised value was $1,150,000, significantly exceeding the current asking price of $750,000. Furthermore, a clean Phase II environmental assessment was completed in 2022, providing peace of mind for potential developers. The parcel's APN is 09-35-105-001. This is a rare opportunity to acquire a highly desirable development site in a thriving market. The land value is $10.88 per square foot. Don't miss this chance to capitalize on this prime location and significant price reduction. The address is 914 Front St, McHenry, IL 60050.

Property profile
Verified
Property type Land
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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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