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Property profile & analytics
OFF-MARKET
Commercial real estate

20302 Halverson Dr Marengo, IL 60152

2 ac lot
Individually Owned
Property ID
US28-1373173
Property summary
AI-generated overview

This exceptional 1.93-acre commercial lot, situated in the Riley Creek Subdivision (Lot 8), presents a unique opportunity in Marengo, Illinois. Located at 20302 Halverson Dr, zip code 60152, this property offers a prime location with easy access to major roadways via the newly opened interchange at Route 23. The lot is part of a development featuring a total of ten available lots, ranging in size from approximately two to seven acres. This particular parcel provides ample space for various commercial ventures. While residential construction is possible, there are minimum square footage requirements: 2000 square feet for a one-story home, 2400 square feet for a one-and-a-half-story home, and 2600 square feet for a two-story home. Accessory buildings are permitted, with a maximum size of 1500 square feet, providing flexibility for additional structures. The area boasts excellent schools and a desirable country lifestyle. The asking price for this exceptional property is $49,999. This is a rare opportunity to acquire a well-situated commercial lot in a thriving community. Don't miss out on this chance to build your business in a prime location. Contact us today to learn more.

Property profile
Verified
Property type Commercial real estate
Lot 2 ac (87,120 SF)
UPID US28-1373173
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
by Request
Owner & transaction history
Dean Burke Corbin
Dean Burke Corbin
since 2025
1 recorded transaction
2025
$27,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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