7318 West Illinois Route 120

Estimated Monthly Payment: $6,317/mo 7318 West Illinois Route 120, Mchenry, Il 60050 MLS# 09738114 Land Listing Status: Active
414
29
0
0

REMARKS:

28.31 Acres (divisible) 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.

OVERVIEW:

Land
Active
Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
Mchenry
28.31
1278X950
1233183
Horses Allowed, Sloping, Tillable
Corner

FINANCIAL:

$1,250,000
2017
$7,398

NEIGHBORHOOD & SCHOOL INFORMATION:

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Data last updated: 10/20/2018