7318 Il-120 McHenry, IL 60050
- Land
- 28.00 lot acres
Current Use by Public Records
- Land
Property Details for 7318 Il-120
- Lot size
- 28.00 lot acres
- Property type
- Land
Description
This exceptional 28-acre commercial land parcel presents an unparalleled development opportunity in McHenry, Illinois. Located at the highly visible traffic light intersection of IL Route 120, this property boasts unparalleled access and visibility. The site is directly adjacent to the Stonewater subdivision, a rapidly growing community of 3,000 homes currently under development, ensuring a substantial and immediate customer base. Sewer and water utilities are readily available at the property line, simplifying infrastructure development. The property's zoning permits commercial use, opening doors to a wide range of possibilities, including but not limited to a supermarket, gas station, restaurant, convenience store, or hotel. The expansive acreage also allows for significant residential development potential, complementing the existing residential growth. The seller is motivated and open to various transaction structures, including the sale of smaller portions of the land or a land lease agreement. The possibility of a Planned Unit Development (PUD) or a joint venture is also open for discussion. This is a truly exceptional opportunity to capitalize on the explosive growth in this area, securing a prime location before further development significantly increases land values. The McHenry Village is actively seeking to collaborate with developers, making this an ideal investment for those seeking a strategic partnership. This is a ground-floor opportunity in a booming market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McHenry
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3454
- Latitude
- 42.3565
