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7318 W Route 120 - 28 Acre Development Site 28 Acres of Commercial Land Offered at $2,195,000 in Mchenry, IL 60050
Investment Highlights
- High Traffic Counts
- Potential Use include Retail, Mixed Use, Assisted Living, Convenience Station, Food Service, Hotel
- Very Close to Stonewater Residential Development
Executive Summary
Divisible 28 acre Corner Parcel on Lighted Intersection. Sewer and water to property Line. Route 120 Frontage: 1,280 SF. Relatively Flat, Low Risk Flood Area Void of Wetlands and Floodplains. High Traffic Counts, Very Close to Stonewater Residential Development.
Potential Use include Retail, Mixed Use, Assisted Living, Convenience Station, Food Service, Hotel.
SEE OFFERING MEMORANDUM
Potential Use include Retail, Mixed Use, Assisted Living, Convenience Station, Food Service, Hotel.
SEE OFFERING MEMORANDUM
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) 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 | $2,195,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 28.00 AC |
| Property Type | Land | ||
| Zoning | AG - Agricultural | ||
| Price | $2,195,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 28.00 AC |
| Zoning | AG - Agricultural |
1 Lot Available
Lot
| Price | $2,195,000 | Lot Size | 28.00 AC |
| Price Per AC | $78,392.86 |
| Price | $2,195,000 |
| Price Per AC | $78,392.86 |
| Lot Size | 28.00 AC |
Divisible 28 acre Corner Parcel on Lighted Intersection. Sewer and water to property Line. Route 120 Frontage: 1,280 SF. Relatively Flat, Low Risk Flood Area Void of Wetlands and Floodplains. High Traffic Counts.
Description
Divisible 28 acre Corner Parcel on Lighted Intersection. Sewer and water to property Line. Route 120 Frontage: 1,280 SF. Relatively Flat, Low Risk Flood Area Void of Wetlands and Floodplains. High Traffic Counts, Very Close to Stonewater Residential Development. Potential Use include Retail, Mixed Use, Assisted Living, Convenience Station, Food Service, Hotel.
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Property Taxes
| Parcel Number | 09-19-400-013 | Total Assessment | $138,617 |
| Land Assessment | $64,789 | Annual Taxes | ($1) |
| Improvements Assessment | $73,828 | Tax Year | 2024 |
Property Taxes
Parcel Number
09-19-400-013
Land Assessment
$64,789
Improvements Assessment
$73,828
Total Assessment
$138,617
Annual Taxes
($1)
Tax Year
2024
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7318 W Route 120 - 28 Acre Development Site
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