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- LoopNet Team
7318 W Route 120
McHenry, IL 60050
28 Acre Development Site · Land For Sale
·
28.00 AC
INVESTMENT HIGHLIGHTS
- $1.01 psf 28.31 ac
- $4.50 psf 5 ac
- $4.99 psf 2 ac
PROPERTY FACTS
DESCRIPTION
28 acre AG zoned property at signalized intersection with commercial/residential development potential. Suitable for gas station, restaurant, hotel, assisted living, landscaper, etc. Possible joint venture. Can annex to Wonder Lake (where it is adjacent to Thatcher Meadow Development) or City of McHenry. 2 houses and out buildings on property can generate $35-$60,000/yr in income, so a 1031 buyer can park money here and earn income. Seller will consider splitting off 2-5 acre corner. Traffic count on Route 120 is 15,000 cars per day! Only $1.01 psf. Visit Premier Commercial Realty website to see more listings.
