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    OFF-MARKET
    Commercial real estate

    20410 Halverson Dr, Marengo, IL 60152

    5.7 ac lot
    Trust Owned 1-yr Hold
    Property ID
    US28-1065349
    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 Commercial real estate
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Larsen Family Trust · 1 yrs held
    Larsen Family Trust
    since 2025
    2 recorded transactions
    2025
    2024
    $75,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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