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Property profile & analytics
OFF-MARKET
Land

0 Grange Rd Marengo, IL 60152

44.48 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 44.48-acre property located at 0 Grange Rd, Marengo, IL 60152 presents a unique investment opportunity. Currently zoned for agricultural use and leased to a farmer for $8,500 per season, this land offers immediate income potential. Its strategic location, approximately one mile from the I-90 interchange, provides unparalleled access to major transportation routes, making it highly attractive for various commercial ventures. The property is surrounded by light manufacturing properties, suggesting a strong potential for future development. The land is already annexed into the city of Marengo and is included in a comprehensive plan that allows for office, research, light industrial, warehouse, retail, and other commercial uses. Utilities are readily accessible, with electricity and gas available nearby, and sewer and water connections are planned for the near future. The entire acreage is tillable, offering flexibility for both short-term agricultural income and long-term development prospects. This property represents a rare combination of immediate income generation and significant future development potential in a rapidly growing area. The asking price is $999,999. Don't miss this chance to acquire a substantial land parcel with diverse possibilities in McHenry County, Illinois.

Property profile
Verified
Property type Land
Lot 44.48 ac (1,937,549 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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CAP Approach CAP
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Comparable Approach Comparable
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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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