1519 Il Route 31McHenry, IL 60050

Property Details for 1519 Il Route 31

Year built

1938

Lot size

1.48 AC

Property type

Commercial real estate

Description

Investors, take note! This exceptional 1.48-acre property in McHenry, IL, presents a remarkable redevelopment opportunity. Strategically located directly across from a new, under-construction 500+ unit apartment complex, this site boasts unparalleled visibility and access. The property comprises two parcels, currently zoned industrial: 1519 S IL Route 31 and 4404 Hi-Point Road. The 1,890 square foot residence at 1519 S IL Route 31, featuring three bedrooms and 1.5 bathrooms, currently generates rental income. The second parcel, 4404 Hi-Point Road, includes a barn with office space and a separate freestanding garage. Each parcel benefits from an independent septic system, sharing a well. This prime location offers significant advantages, situated adjacent to a major hotel chain, a restaurant, a bank, and other established commercial businesses. The property's proximity to new residential development promises strong future demand. The combined parcels present a compelling canvas for rezoning and the creation of a lucrative commercial venture. This is a rare chance to acquire a substantial property with immense potential for growth and significant return on investment. Priced at $495,000.

Location Insight

City

McHenry

County

McHenry

State

Illinois

Latitude

42.3064

Longitude

-88.2828

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