7318 W State Route 120, McHenry, IL 60050
FOR SALE28.31 ACRES

7318 W State Route 120
McHenry, IL 60050

      $2,245,000

      Original price: $2,750,000
      Est. Mortgage $16,356/mo*
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      Local Information

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      -- mins to
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      Description

      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!!!

      Home Highlights

      Parking
      No Info
      Outdoor
      No Info
      A/C
      Contact Manager
      HOA
      None
      Price/Sqft
      No Info
      Listed
      141 days ago

      Home Details for 7318 W State Route 120

      Active Status

      MLS Status: Active

      Interior Features

      Appliances & Utilities
      Utilities: Electricity Connected, Natural Gas Connected, Sanitary Sewer, Water Connected
      Gas & Electric
      Has Electric on Property

      Exterior Features

      Frontage
      Road Frontage: State RoadRoad Surface Type: AsphaltNot on Waterfront
      Farm & Range
      Frontage Length: 1278

      Days on Market

      Days on Market: 141

      Property Information

      Property Type / Style
      Property Type: FarmProperty Subtype: Unimproved Land, Farm
      Building
      No Additional Parcels
      Property Information
      Usage of Home: Commercial, Estate, Development, Residential, Multi-Family, Single Family, Retail, Zoning Change RequiredParcel Number: 0919400013

      Price & Status

      Price
      List Price: $2,245,000
      Status Change & Dates
      Possession Timing: Close Of Escrow

      Location

      Direction & Address
      City: Mchenry
      School Information
      Elementary School District: 15Jr High / Middle School District: 15High School District: 156

      Agent Information

      Listing Agent
      Listing ID: 11105015

      Lot Information

      Lot Area: 28.31 Acres

      Listing Info

      Special Conditions: None

      Compensation

      Buyer Agency Commission: 2%-175Buyer Agency Commission Type: See Remarks:
      Notes
      The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

      Business

      Business Information
      Ownership: Fee Simple

      Miscellaneous

      Mls Number: 11105015

      Additional Information

      Mlg Can ViewMlg Can Use: IDX
      Last check for updates: about 24 hours ago
      Listing courtesy of: James Schaid
      RE/MAX Plaza
      Dorene Smith, (847) 344-8338
      RE/MAX Plaza
      Source: MRED as distributed by MLS GRID, MLS#11105015

      Price History for 7318 W State Route 120

      DatePriceEventSource
      10/10/2022$2,245,000PriceChange
      MRED as distributed by MLS GRID #11105015
      07/02/2022$2,750,000Listed For SaleRE/MAX International #11105015
      12/13/2021ListingRemovedMRED as distributed by MLS GRID #11105015
      05/29/2021$2,750,000Listed For SaleMRED as distributed by MLS GRID #11105015

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      Property Taxes and Assessment

      Year2022
      Tax$9,319
      Assessment$345,603
      Home facts updated by county records

      Comparable Sales for 7318 W State Route 120

      Address
      Distance
      Property Type
      Sold Price
      Sold Date
      Bed
      Bath
      Sqft
      Lot 73 Whiteoak Dr, McHenry, IL
      1.54
      Lot/Land
      $40,000
      09/22/23
      -
      -
      Lot 15 Concord Dr, Woodstock, IL
      1.76
      Lot/Land
      $62,000
      06/09/23
      -
      -
      2712 Chatham Ln, Woodstock, IL
      2.21
      Lot/Land
      $55,000
      05/05/23
      -
      -
      1 N Valley Hill Rd, Woodstock, IL
      2.39
      Lot/Land
      $110,000
      06/16/23
      -
      -
      5204 W Pulaski Rd, McHenry, IL
      2.27
      Lot/Land
      $15,000
      05/26/23
      -
      -
      Bull Valley Rd, Woodstock, IL
      2.50
      Lot/Land
      $1,783,908
      04/18/24
      -
      -
      14 & 21 Orchard Valley Dr, McHenry, IL
      2.73
      Lot/Land
      $129,900
      02/22/24
      -
      -
      2409 Mustang Trl, Woodstock, IL
      2.99
      Lot/Land
      $30,000
      06/30/23
      -
      -
      12-14 Bong St, Wonder Lake, IL
      3.06
      Lot/Land
      $7,500
      09/28/23
      -
      -
      S Fleming Rd, Woodstock, IL
      3.52
      Lot/Land
      $949,460
      02/01/24
      -
      -

      What Locals Say about McHenry

      • Marilu Moreno
        "Nice, clean, kids and family friendly. The schools are excellent. Pace bus available for transportation, college nearby."
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      • Tracann-m
        "Quiet neighborhood with good schools nearby. Kids are safe here and people are nice and friendly. Everyone watches out for each other "
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      • Tracann-m
        "It’s a nice quiet and welcoming place. I’ve lived here for 4 years. The neighbors are very nice and friendly "
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      • Rebecca S.
        "McHenry has Thursday night concerts in the park during the summer along with a lot of other community events. "
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      • Diana O. R.
        "People in my neighborhood do not pick up poop, let their dogs out without a leash and are all around rude about it."
        10
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      LGBTQ Local Legal Protections

      James Schaid, RE/MAX Plaza
      Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
      The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
      7318 W State Route 120, McHenry, IL 60050 is a lot/land. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Nov 30, 2023. The MLS # for this home is MLS# 11105015.