7318 W Il Route 120 Mc Henry, IL 60050
Estimated payment $12,618/month
Highlights
- 28.31 Acre Lot
- Farm
- Corner Lot
- McHenry Community High School - Upper Campus Rated A-
About This Lot
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!!!
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,141
Lot Details
- 28.31 Acre Lot
- Lot Dimensions are 1278x950
- Property fronts a state road
- Corner Lot
Home Design
- Mixed Use
Farming
- Farm
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,423 | $138,617 | $64,789 | $73,828 |
| 2023 | $6,692 | $124,368 | $57,862 | $66,506 |
| 2022 | $9,141 | $115,201 | $53,249 | $61,952 |
| 2021 | $8,819 | $107,089 | $49,155 | $57,934 |
| 2020 | $6,896 | $102,202 | $46,538 | $55,664 |
| 2019 | $6,924 | $96,739 | $43,706 | $53,033 |
| 2018 | $7,478 | $92,033 | $41,247 | $50,786 |
| 2017 | $7,398 | $86,198 | $38,319 | $47,879 |
| 2016 | $9,259 | $80,421 | $35,446 | $44,975 |
| 2013 | -- | $78,292 | $33,958 | $44,334 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2023 11/30/23 | For Sale | $2,245,000 | 0.0% | -- |
| 11/24/2023 11/24/23 | Off Market | $2,245,000 | -- | -- |
| 10/10/2022 10/10/22 | Price Changed | $2,245,000 | -18.4% | -- |
| 05/29/2021 05/29/21 | For Sale | $2,750,000 | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $150,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 11105015
APN: 09-19-400-013
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