20410 Halverson Dr, Marengo, IL 60152
This exceptional 5.7-acre commercial lot, located at 20410 Halverson Drive in Marengo, Illinois (zip code 60152), presents a unique investment opportunity. Situated within the Riley Creek Subdivision (Lot 3), this property offers significant potential for various commercial ventures. The lot is part of a development with ten available lots ranging from approximately 2 to 7 acres. Building requirements within the subdivision specify a minimum square footage of 2000 square feet for single-story homes, 2400 square feet for one-and-a-half-story homes, and 2600 square feet for two-story homes. Accessory buildings are permitted, with a maximum size of 1500 square feet, providing flexibility for additional structures. The property benefits from its convenient location, offering easy access to the tollway via the new interchange at Route 23. The area boasts excellent schools, including the nearby Riley Elementary (a small country school) and Marengo High School. Enjoy the peaceful country lifestyle while still maintaining convenient access to major transportation routes. The asking price for this exceptional property is $89,999. This is a rare opportunity to acquire a substantial commercial lot in a desirable location with excellent potential for future development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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