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    OFF-MARKET
    Commercial real estate

    19209 River Rd, Marengo, IL 60152

    5 ac lot
    Property ID
    US28-0113702
    Property summary
    AI-generated overview

    This exceptional 5-acre commercial parcel, located at 19209 River Rd, Marengo, IL 60152, presents a unique opportunity for development. Situated in McHenry County, this property boasts frontage on two roads, offering excellent accessibility and visibility. Currently zoned for agricultural use, the land provides ample space for a variety of commercial projects, including but not limited to, the construction of a barndominium or other commercial structures. The absence of restrictive covenants and subdivision regulations allows for maximum flexibility in design and development. The asking price is $182,000. The property's location offers a blend of rural tranquility and convenient access to local amenities. The absence of nearby subdivisions ensures a peaceful setting, while the strategic location provides easy access to transportation routes and nearby communities. The allowance of horses on the property further enhances its appeal for specific commercial ventures. This is a rare opportunity to acquire a sizable, unrestricted commercial parcel in a desirable location. Don't miss out on this chance to build your dream commercial project. Contact us today to learn more.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 5 ac (217,800 SF)
    UPID US28-0113702
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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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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