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1510 Illinois Rte 31 - 4 Acre Development Site 4.2 Acres of Commercial Land Offered at $450,000 in Mchenry, IL 60050

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Investment Highlights

  • Major Business Corridor
  • Traffic Count: 18,000 Daily

Executive Summary

Two Land Parcels Totaling 4.2 Acres. * 345' of Frontage on Route 31 * Major Business Corridor * Traffic Count: 18,800 Daily * Utilities Adjacent to Site * Relatively Flat Land Parcel * Low Risk Flood Area * Non-Wooded Parcel * Void of Wetlands and Floodplains * Adjacent and Surrounding American Community Bank Taxes Reflect Current Farming Use.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per AC
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $450,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Hold For Development
Total Lot Size 4.20 AC
Zoning I-1 - Light Industrial but suitable for Commercial Use.

1 Lot Available

Lot

Price $450,000
Price Per AC $107,142.86
Lot Size 4.20 AC

Two Land Parcels Totaling 4.2 Acres. * 345' of Frontage on Route 31 * Major Business Corridor * Traffic Count: 18,800 Daily * Utilities Adjacent to Site * Relatively Flat Land Parcel * Low Risk Flood Area * Non-Wooded Parcel

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 14-10-277-003
  • 14-10-277-002
Land Assessment
$2,278 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$2,278 (2024)
Annual Taxes
($1)
Tax Year
2023
  • Listing ID: 32520098

  • Date on Market: 7/19/2024

  • Last Updated:

  • Address: 1510 Illinois Rte 31, Mchenry, IL 60050

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