Land for Sale, 28.31 Acres in McHenry

Overview

  • Land For Sale
  • 7318 Illinois 120, McHenry, IL 60050.
  • Price: $1,250,000
  • 3 - 28 ac

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Highlights

  • $1.01 psf
  • 28.31 Acres
  • Commercial/Residential
  • Signalized intersection

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.

 

 

 

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