For Sale
$999,999

Grange Rd Marengo, IL 60152

44 Acres, I-90 Proximity, Development Potential

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 44.48-acre property located at 0 Grange Rd, Marengo, IL 60152 presents a unique investment opportunity. Currently zoned for agricultural use and leased to a farmer for $8,500 per season, this land offers immediate income potential. Its strategic location, approximately one mile from the I-90 interchange, provides unparalleled access to major transportation routes, making it highly attractive for various commercial ventures. The property is surrounded by light manufacturing properties, suggesting a strong potential for future development. The land is already annexed into the city of Marengo and is included in a comprehensive plan that allows for office, research, light industrial, warehouse, retail, and other commercial uses. Utilities are readily accessible, with electricity and gas available nearby, and sewer and water connections are planned for the near future. The entire acreage is tillable, offering flexibility for both short-term agricultural income and long-term development prospects. This property represents a rare combination of immediate income generation and significant future development potential in a rapidly growing area. The asking price is $999,999. Don't miss this chance to acquire a substantial land parcel with diverse possibilities in McHenry County, Illinois.

Highlights

  • 44.48-acre parcel located at 0 Grange Rd, Marengo, IL 60152, currently generating $8,500 per season in agricultural lease income.
  • Prime location, approximately one mile from I-90 interchange, offering excellent access to major transportation routes.
  • Zoned for agricultural use, but annexed into the city of Marengo and designated for various commercial uses (office, research, light industrial, warehouse, retail).
  • Utilities readily accessible (electricity, gas), with sewer and water connections planned.
  • Entire acreage is tillable, providing flexibility for both short-term income and long-term development.
  • Asking price: $999,999.

Property Details for 0 Grange Rd

Property type
Land, Farms
Lot Size (sq. ft)
1,937,549 SF

Location Insight

City
Marengo
County
McHenry
State
Illinois
Latitude
42.2040547
Longitude
-88.6593349

FAQs

What type of property is this?
Land - 44 Acres, I-90 Proximity, Development Potential
Where is the land located?
The property is located at Grange Rd Marengo, IL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 44.48-acre parcel located at 0 Grange Rd, Marengo, IL 60152, currently generating $8,500 per season in agricultural lease income.; Prime location, approximately one mile from I-90 interchange, offering excellent access to major transportation routes.; Zoned for agricultural use, but annexed into the city of Marengo and designated for various commercial uses (office, research, light industrial, warehouse, retail).
How can I contact the broker?
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0 Grange Rd
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