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    OFF-MARKET
    Land

    120 / Chapel Hl Rd, McHenry, IL 60050

    96.88 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 96.88-acre commercial land parcel presents a unique development opportunity in McHenry, Illinois. Strategically located at the highly visible, signaled intersection of Route 120 and Chapel Hill Road, this property boasts 2,245 feet of highway frontage. The site is divisible into minimum 25-acre parcels, catering to various development plans. While the initial offering price is $239,580 per acre, adjustments may be considered based on parcel size and location. The remaining acreage is ideal for a variety of uses, including retail development (given its prime corner location), assisted living facilities, townhomes, apartments, and single-family residences. Utilities such as sewer and water are readily accessible nearby. The property's adjacency to a state park adds significant recreational appeal. The APN numbers are 10-31-151-030 and 10-31-301-002. This prime location offers unparalleled visibility and access, making it an exceptional investment opportunity. The property was originally 122.88 acres, with 26 acres already sold. This leaves 96.88 acres available for development.

    Property profile
    Verified
    Property type Land
    Lot 96.88 ac (4,220,093 SF)
    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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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