39.23 Acres Riley Rd Marengo, IL 60152
- Land
- 39.23 lot acres
Current Use by Public Records
- Land
Property Details for 0 39.23 Acres Riley Rd
- Lot size
- 39.23 lot acres
- Property type
- Land
Description
This exceptional commercial land offering presents a compelling investment opportunity in Marengo, Illinois. Encompassing approximately 39.23 acres, this property boasts a strategic location within one mile of the new I-90 tollway interchange at State Highway 23, south of Marengo. The land is primarily comprised of approximately 38.37 acres of cropland, ideal for various development possibilities. While a small portion lies within a floodplain, the property's overall potential remains significant. Soil classification includes Class B soils (Lahoguess, Comfrey, Selmass, and Warsaw) with a PI rating of 126.7. Currently, there are no existing buildings on the site. The property is identified by PIN # 16-22-400-001 and is situated in the Northwest quarter of the Southeast quarter of Section 22, Riley Township (T.43N-R.5E.), McHenry County, IL, zip code 60152. The asking price is $804,215, translating to $20,500 per acre. 2022 property taxes amounted to $1,451. This prime location, coupled with the substantial acreage and proximity to major transportation arteries, makes this a highly attractive investment prospect. Detailed soil reports and surveys are available upon request.
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
- Marengo
- County
- McHenry
- State
- Illinois
- Longitude
- -88.6326
- Latitude
- 42.1907
