6447 Il Rt 120 Pkwy McHenry, IL 60050
This exceptional 23.23-acre property presents a unique investment opportunity in McHenry, Illinois. Located at 6447 W Il Rt 120 Parkway, this land boasts a strategic position between Stonewater Parkway and N. Martin Road, offering convenient access to major roadways. The property's diverse zoning creates exciting possibilities. Approximately 57% (13.23 acres) is annexed into the City of McHenry and zoned agricultural, presenting significant potential for residential development given its proximity to the Stonewater residential community by DR Horton. The remaining 43% (10 acres), situated outside the current city limits of McHenry and Wonder Lake, is also zoned agricultural. The asking price for this expansive parcel is $1,890,000. This land offers a blend of established agricultural use and high potential for future development, making it an attractive proposition for investors seeking a versatile and strategically located asset in a thriving area of McHenry County, Illinois. The property's zip code is 60050. Detailed surveys and zoning information are available upon request.
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.