0 Ringwood Rd McHenry, IL 60050
This exceptional commercial and industrial land offering in McHenry, Illinois, presents a unique investment opportunity. Located on N Ringwood Rd, 60050, this property encompasses seven contiguous lots totaling 21,875 square feet, boasting 175 feet of frontage on Ringwood Road. The B-1 zoning, designated as Neighborhood Business, allows for a variety of commercial uses. Soil tests have already been conducted, and documentation supporting a small strip center is available from the current owner. While a well and septic system would be required for any on-site facilities, this property is ideally situated just north of W. Westshore Drive in a rapidly developing area. Building requirements include a minimum half-acre lot size, with setbacks of 30 feet from the street, 20 feet from the rear or east side, and 10 feet from the north and south sides. Detailed lot use and restrictions are available via the provided link in the original listing. This fee-simple ownership opportunity is priced competitively at $89,000. Don't miss this chance to acquire prime commercial real estate in a thriving McHenry location.
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.