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    Land

    0 39.23 Acres Riley Rd, Marengo, IL 60152

    39.23 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 39.23 ac (1,708,859 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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    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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