Property profile

0 Us-31 Lakemoor, IL 60051

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 80-acre development opportunity in McHenry County, Illinois, presents a compelling investment prospect. Comprising four parcels (APN: 09-15-200-004, 09-14-151-005, 09-15-200-007, 09-15-200-008), this property is strategically located off busy Richmond Road, just north of an existing subdivision, in Lakemoor, IL, zip code 60051 (latitude 42.3508086, longitude -88.2363819). Currently zoned A-1 and used for agricultural purposes, the land offers significant potential for residential development. The substantial acreage allows for subdivision, making it ideal for a large-scale project. The asking price for this expansive tract is $2,500,000. Its prime location and considerable size make this a rare and highly attractive opportunity for developers seeking a substantial land acquisition in a rapidly growing area. The property's proximity to US-31 and its adjacency to an established residential area further enhance its development potential. This is a unique chance to acquire a significant parcel of land with exceptional potential for future growth and profitability.

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

Location

Us-31 Lakemoor, IL 60051
Lakemoor metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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