Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9908 St Andrews Dr Marengo, IL 60152
    Back to Search
    Property profile & analytics

    9908 St Andrews Dr Marengo, IL 60152

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 9908 St Andrews Dr

    Property type
    Land

    Description

    This exceptional half-acre commercial lot is situated on the prestigious Blackstone Golf Course in Marengo, Illinois, boasting breathtaking views of the 18th fairway. Located at 9908 St. Andrews Dr, zip code 60152, this property presents a unique opportunity for development. Its convenient location offers easy access to I-90 Interchange, placing it ideally between Huntley and Marengo. The area is known for its excellent schools and nearby conservation areas, adding to its appeal. The lot, designated as Lot 45, is part of an exclusive community, with limited remaining lots available. This makes it an attractive investment for those seeking a prime location in a thriving area. The property's commercial zoning allows for a variety of development options, making it suitable for a range of businesses. Buyers will appreciate the peaceful setting, combined with the convenience of nearby amenities and major transportation routes. Don't miss this chance to acquire a piece of this desirable golf course community. The asking price for this exceptional property is $63,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    McHenry
    State
    Illinois
    Longitude
    -88.5375
    Latitude
    42.1862

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      9205 Hill Rd

      Land • 2.00 Acres
      9205 Hill Rd, Marengo, IL 60152
      View Details
    • Value Estimation by Request
      49.64 Acres

      49.64 Acres Beck Rd

      Land • 49.64 Acres
      0 49.64 Acres Beck Rd, Marengo, IL 60152
      View Details
    • Value Estimation by Request

      I-90 & Anthony And Harmony Rds

      Farms
      I-90 & Anthony And Harmony Rds, Marengo, IL 60152
      View Details
    • Value Estimation by Request

      6 Greenlee St

      Land
      6 Greenlee St, Marengo, IL 60152
      View Details
    • Value Estimation by Request
      44.48 Acres

      Grange Rd

      Farms • 44.48 Acres
      0 Grange Rd, Marengo, IL 60152
      View Details
    • Value Estimation by Request
      2.00 Acres

      8809 Hill Rd

      Land • 2.00 Acres
      8809 Hill Rd, Marengo, IL 60152
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available For Build-To-Suit

      Land available for build-to-suit on I-90 in Marengo, IL.
      I-90, Marengo, IL 60152
      View Details
    • Contact for pricing

      Improved Lot with Flexible Zoning

      Improved lot with flexible zoning and proximity to I-90.
      Lindow Ave, Marengo, IL 60152
      View Details
    • $76,900

      Land For Sale

      Land available for sale.
      38 Saint Andrews Dr, Marengo, IL 60152
      View Details
    • $75,900
      1.07 Acres

      Marengo Land: Build Your Dream

      Beautiful 1.07 acre lot near I-90 in Marengo, IL.
      10817 Hill Crest Ln, Marengo, IL 60152
      View Details
    • Contact for pricing

      Marengo Land Near I-90

      Commercial land with high visibility and high capacity irrigation well.
      20003 Harmony Rd, Marengo, IL 60152
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      279,200 SF

      93-Acre Industrial Campus Available

      Five buildings on 93 acres available for lease/sale.
      300 West St, Marengo, IL 60152
      View Details
    • $1,000 /Mo
      900 SF

      Renovated Retail Space in Marengo

      900 SF retail space in downtown Marengo for rent.
      110 N State St, Marengo, IL 60152
      View Details
    • Contact for pricing
      3,324 SF

      Marengo Commercial Property For Lease

      Commercial property for lease with modern, open layout.
      212 Lindow Ln, Marengo, IL 60152
      View Details
    • $98 SF/Yr

      16917 Harmony Rd, Marengo, IL 60152

      Warehouses
      16917 Harmony Rd, Marengo, IL 60152
      View Details
    • $14 SF/Yr
      1,200 SF

      Downtown Marengo Retail/Office Space

      Retail/office space in vibrant downtown Marengo with updated facade.
      112 S State St, Marengo, IL 60152
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Marengo, Illinois.
      300 West St, Marengo, IL 60152
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9908 St Andrews Dr
    Marengo, IL 60152
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9908 St Andrews Dr, Marengo, IL, 60152
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!