120 / Chapel Hl Rd, McHenry, IL 60050
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.
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
Similar Nearby for Sale
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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.