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$2,245,000

  • For Sale
  • Active
  • Farm
  • 28.31 Sq. Ft.
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Motivated Seller. New residential construction is quickly approaching this valuable, Splendid 28 acre parcel on MAJOR traffic lighted intersection with endless commercial/residential potential. Sewer and water available to property Line. Adjacent to Stonewater subdivision that is currently under development, 3,000 homes. 1st Phase of homes being sold. Supermarket with outbuildings, gas station, restaurant, senior housing, hotel all possible on the corner lot and plenty of room for residential development on the balance of the land. Owner will also consider selling a smaller portion or doing a land lease. Possible PUD, possible joint venture. Get in on the ground floor!!!

Full Property Details for 7318 W Il Route 120

General

  • Price: $2,245,000
  • Taxes: $9,140 (2022)
  • Status: Active
  • Type: Farm
  • Source: MRED
  • MLS ID: 11105015
  • Updated: 6/27/2024
  • Added to Site: 1, 456 day(s) ago

Location

  • Area: Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
  • County: McHenry
  • Township: McHenry
  • Driving Directions: From McHenry, go west on Route 120. PIQ is the Northeast Corner of Route 120 and East Wonder Lake/Ridge Road
  • Location Details: Corner, Mixed-Use Area

School Information

  • School District: 15
  • Elem School District: 15
  • Midd School District: 15
  • High School District: 156

Utilities

  • Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Water to Site

Structural Information

  • Square Feet: 28.31
  • Current Bldg. Use: Agricultural

Lot Features

  • Lot Size (Acres): 28.31
  • Lot Size (Sq. Ft.): 1,233,183
  • Lot Size Range: 25.0 to 99.99 Acres
  • Lot Dimensions: 1278 x 950
  • Frontage: State Road
  • Frontage Feet: 1278
  • Street/Road Desc.: Asphalt
  • Land Use: Yes
  • Potential Use: Commercial, Estate, Development, Residential, Multi-Family, Single Family, Retail, Zoning Change Required
  • Zoning: OTHER
  • Lot Description: Dimensions to Center of Road, Tillable

Farm Information

  • Farm: Yes

Financial Considerations

  • Tax Amount: $9,140.54
  • Tax Year: 2022

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 919400013

Listed by RE/MAX Plaza

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Listing agents

— 7318 W Il Route 120 —

  • RE/MAX Plaza

  • RE/MAX Plaza

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 7318 W Il Route 120

School Districts:McHenry Community High School District 156, McHenry Community Consolidated School District 15
RatingNameGradesDistance
3
Valley View Elementary School, McHenry, IL
6515 W Il Route 120, McHenry, IL 60050
K-51 mi
5
Parkland School
1802 N Ringwood Rd, McHenry, IL 60050
6-82 mi
NR
McHenry High School - West Campus
4724 W Crystal Lake Rd, McHenry, IL 60050
9-123.1 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7318 W Il Route 120 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/10/2022
Price Reduced
$2,245,000
-18.36%
MLS
5/29/2021
Listed
$2,750,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Want to learn more about 7318 W Il Route 120? Do you have questions about finding other Farm real estate for sale in McHenry? You can browse all McHenry real estate or contact a Coldwell Banker agent to request more information.

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