7318 Il-120McHenry, IL 60050

For Sale
$2,245,000

Prime McHenry location, development opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 28-acre commercial land parcel presents an unparalleled development opportunity in McHenry, Illinois. Located at the highly visible traffic light intersection of IL Route 120, this property boasts unparalleled access and visibility. The site is directly adjacent to the Stonewater subdivision, a rapidly growing community of 3,000 homes currently under development, ensuring a substantial and immediate customer base. Sewer and water utilities are readily available at the property line, simplifying infrastructure development. The property's zoning permits commercial use, opening doors to a wide range of possibilities, including but not limited to a supermarket, gas station, restaurant, convenience store, or hotel. The expansive acreage also allows for significant residential development potential, complementing the existing residential growth. The seller is motivated and open to various transaction structures, including the sale of smaller portions of the land or a land lease agreement. The possibility of a Planned Unit Development (PUD) or a joint venture is also open for discussion. This is a truly exceptional opportunity to capitalize on the explosive growth in this area, securing a prime location before further development significantly increases land values. The McHenry Village is actively seeking to collaborate with developers, making this an ideal investment for those seeking a strategic partnership. This is a ground-floor opportunity in a booming market.

Highlights

  • High-visibility corner lot at a traffic light intersection on IL Route 120 in McHenry, IL.
  • Adjacent to a 3,000-home Stonewater subdivision under development.
  • 28-acre parcel zoned for commercial use, with potential for various developments (e.g., retail, hotel).
  • Motivated seller open to various transaction structures, including partial sales and joint ventures; McHenry Village seeks developer partnerships.

Property Details for 7318 Il-120

Property type
Other land, Land
Lot Size (sq. ft)
1,219,680 SF

Location Insight

City
McHenry
County
McHenry
State
Illinois
Latitude
42.356508263718
Longitude
-88.345413225689
7318 Il-120, McHenry, Illinois

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7318 Il-120
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