31 State Rte Ringwood, IL 60072
This exceptional 5-acre commercial land parcel presents a unique investment opportunity in the rapidly growing area between McHenry and Richmond, Illinois. Strategically located on the east side of busy State Route 31, between Craftwell and Mann Roads, this flat, cleared property is zoned Industrial-1 with permitted B-3 uses. Currently used for farming, the land offers significant potential for various commercial developments. The dimensions are approximately 330 feet by 660 feet. Utilities such as gas and electric are readily available in the vicinity. While water and sewer are not currently on-site, the property's prime location and zoning make it an attractive prospect for businesses seeking convenient access to major transportation routes. The property includes a shared easement with an adjacent parcel; details are available in supplemental documents. The asking price for this exceptional property is $399,900. The APN is 0904400011. This is a remarkable chance to acquire a substantial tract of land in a thriving commercial corridor. Don't miss this opportunity to capitalize on the area's growth potential.
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
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.