7318 Highway 120

McHenry, IL 60050

$2,245,000
Price
1,233,183 / 28.31
Lot Size / Acres

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...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!
  1. Listed by James Schaid • RE/MAX Plaza
  2. Listed by Dorene Smith • RE/MAX Plaza

Property Details for 7318 Highway 120

Area
Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
Township
McHenry
Ownership
Fee Simple
Num Of Cars
0.0
Zoning
OTHER

Location

Listing Courtesy of RE/MAX Plaza
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LISTING UPDATED: 12/06/2023 12:07 AM

Property Details for 7318 Highway 120

StatusActive
MLS #11105015
Days on Market1189
Taxes$9,141 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size28.31 AC
CountyMcHenry County

Location

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Virtual Tour

Building Information for 7318 Highway 120

Lot Size28.31 AC

Payment Calculator

$13,014 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,252

Property Taxes

$762

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7318 Highway 120

General Information
School Information
  • Elementary School District: 15
  • High School District: 156
  • Middle Or Junior School District: 15
Location and General Information
  • Frontage Length: 1278
  • Frontage Type: State Road
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
Property/Lot Information
  • Lot Size: 25.0-99.99 Acres
  • Lot Dimensions: 1278X950
  • Approx Land Sq Footage: 1233183
  • Buildings on Land: Yes
  • Waterfront: No
  • General Information: None
Property and Assessments
  • Possible Use: Commercial, Estate, Development, Residential, Multi-Family, Single Family, Retail, Zoning Change Required
  • Buyer Financing: Lease Purchase, Land/Lease
  • Public Document Count: 0
  • Photos Count: 14
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Agricultural
  • Farms Type: Grain
  • Land Amenities: Horse Riding Area
  • Land Description: Dimensions to Center of Road,Tillable
  • Location: Corner,Mixed Use Area
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: Video

Property History for 7318 Highway 120

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7318 Highway 120

Taxable ValueLand$53,249Additions$61,952Total$115,201
Home Facts
Beds0Total Finished SqFt2,136 SqFtAbove Grade Finished SqFt2,136 SqFtStories2Lot Size1,233,184 SqFtStyleMiscellaneous ResidentialYear Built1900CountyMCHENRYAPN09-19-400-013

Schools near 7318 Highway 120

This home is within Mchenry Central Consolidated School District 15.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Valley View Elementary School
PublicK to 5

Parkland School
Public6 to 8

Mchenry High School-West Campus
Public9 to 12

Landmark Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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7318 Highway 120 is a 28.31 ac of land for sale in McHenry, IL 60050. This property was listed for sale on May 29, 2021 by RE/MAX Plaza, it's currently listed at $2,245,000. This listing's school districts are Mchenry Central Consolidated School District 15, Mchenry Chsd 156 School District. Nearby schools include Valley View Elementary School, Parkland School and Mchenry High School-West Campus. 7318 Highway 120 is a 0-bed, 0-bath, 28.31 ac of land on a 1,233,183 sq. ft. / 28.31 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Plaza

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.