Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    I-90 & Anthony And Harmony Rds Marengo, IL 60152
    Back to Search
    Property profile & analytics

    I-90 & Anthony And Harmony Rds, Marengo, IL 60152

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for I-90 & Anthony And Harmony Rds

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 296.13-acre property presents a unique investment opportunity in Marengo, Illinois. Ideally situated near the intersection of I-90 and Anthony and Harmony Roads in McHenry County, this expansive land parcel offers unparalleled accessibility and visibility. Currently zoned Agricultural, the property's versatile zoning allows for a range of commercial and agricultural uses, subject to local approvals. The single-tenant status provides flexibility for development or long-term leasing. With its substantial size and strategic location, this land offers significant potential for various ventures, from large-scale farming operations to commercial development projects. The property boasts a flat topography, making it suitable for a variety of uses. Utilities are available in the area, though specific connections would need to be verified independently. Detailed soil reports and environmental assessments are recommended for prospective buyers or lessees to fully understand the property's capabilities and potential limitations. This is a rare opportunity to acquire a significant land holding in a rapidly growing area of Illinois. The property's proximity to major transportation arteries ensures convenient access to regional markets and distribution networks. Interested parties are encouraged to conduct their own due diligence to assess the suitability of the property for their intended use. The zip code for this property is 60152.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    McHenry
    State
    Illinois
    Longitude
    -88.5906
    Latitude
    42.1769

    Comparable in this City

    • Value Estimation by Request
      44.48 Acres

      Grange Rd

      Farms
      0 Grange Rd, Marengo, IL 60152
      View Details
    • Value Estimation by Request
      9.95 Acres

      19817 Bockman Rd

      Farms
      19817 Bockman Rd, Marengo, IL 60152
      View Details
    • Value Estimation by Request

      9908 St Andrews Dr

      Land
      9908 St Andrews Dr, Marengo, IL 60152
      View Details
    • Value Estimation by Request
      2.00 Acres

      9211 Hill Rd

      Land
      9211 Hill Rd, Marengo, IL 60152
      View Details
    • Value Estimation by Request
      39.23 Acres

      39.23 Acres Riley Rd

      Land
      0 39.23 Acres Riley Rd, Marengo, IL 60152
      View Details
    • Value Estimation by Request
      2.08 Acres

      19012 Raven Hills Dr

      Land
      19012 Raven Hills Dr, Marengo, IL 60152
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available For Build-To-Suit

      Land available for build-to-suit on I-90 in Marengo, IL.
      I-90, Marengo, IL 60152
      View Details
    • Contact for pricing

      Improved Lot with Flexible Zoning

      Improved lot with flexible zoning and proximity to I-90.
      Lindow Ave, Marengo, IL 60152
      View Details
    • $76,900

      Land For Sale

      Land available for sale.
      38 Saint Andrews Dr, Marengo, IL 60152
      View Details
    • $295,000
      4.70 Acres

      Marengo Land on US 20

      4.72 acres of commercial land with highway frontage.
      W Grant Hwy, Marengo, IL 60152
      View Details
    • Contact for pricing

      Land with Interchange Access

      Commercial land with visibility and access to I-90.
      10120 S Il Route 23, Marengo, IL 60152
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      279,200 SF

      93-Acre Industrial Campus Available

      Five buildings on 93 acres available for lease/sale.
      300 West St, Marengo, IL 60152
      View Details
    • Contact for pricing
      900 SF

      Renovated Retail Space in Marengo

      900 SF retail space in downtown Marengo for rent.
      110 N State St, Marengo, IL 60152
      View Details
    • Contact for pricing
      3,324 SF

      Marengo Commercial Property For Lease

      Commercial property for lease with modern, open layout.
      212 Lindow Ln, Marengo, IL 60152
      View Details
    • Contact for pricing

      16917 Harmony Rd, Marengo, IL 60152

      Warehouses
      16917 Harmony Rd, Marengo, IL 60152
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Marengo, Illinois.
      300 West St, Marengo, IL 60152
      View Details
    • Contact for pricing

      Marengo Warehouse Space Available

      Warehouse space available for rent in Marengo, Illinois.
      16917 Harmony Rd, Marengo, IL 60152
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    I-90 & Anthony And Harmony Rds
    Marengo, IL 60152
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    I-90 & Anthony And Harmony Rds, Marengo, IL, 60152
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!