Property profile

20410 Halverson Dr Marengo, IL 60152

OFF-MARKET
Land
Property ID
US28-1065349
5.7 ac lot
Trust Owned 1-yr Hold
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 5.7 ac (248,292 SF)
UPID US28-1065349

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

20410 Halverson Dr Marengo, IL 60152
Marengo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2024
$75,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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