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Listing provided courtesy of Dream Real Estate, Inc.MREDas Distributed by MLSGrid- MLS# 11903230MLS Provider

1519 S IL Route 31McHenry, IL 60050

Commercial · 1.20 Acres
$495,000 Active

1519 S IL Route 31 Overview

Time on Site:
997 days
Visits:
12

ATTENTION INVESTORS - this property is directly across from NEW under construction 500+ apartment complex! Excellent location for rezoning and commercial redevelopment! Property is two parcels, zoned industrial. 1519 S IL Route 31 and 4404 Hi-Point Road. 1519 is a 1890SF residence, three bedrooms 1.5 bath, currently used as income property. 4404 Hi-Point offers a barn with office and a freestanding garage. Each parcel has an independent septic, shared well. Together, they are 1.20 acres and are an excellent site for future development. Situated next to a major hotel chain and restaurant, bank and commercial development.

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1519 S IL Route 31 Facts & Features

  • Type Commercial
  • Lot 1.20 Acres

Details

General

Income/Expenses

  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1938

Business Information

  • Current Use: Other

Location/Region

  • County Or Parish: McHenry
  • MLS Area Major: Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
  • Township: Nunda

Rent/Lease Information

  • Tenant Pays: Electricity, Heat

Tax Information

  • Tax Annual Amount: $9,733.70
  • Tax Year: 2024

General Information

  • Parcel Number: 1410401015
  • Property Type: Commercial Sale
  • Zoning: OTHER

Interior

General Information

  • Cooling: Zoned
  • Foundation Details: Concrete Perimeter
  • Stories: 2

Unit Information

  • Unit SqFt.: 1890

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: State Road
  • Lot Size Acres: 1.2
  • Lot Size Dimensions: 182X348X165X357

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick, Concrete, Wood

General Information

  • Utilities: Electric to Site,Natural Gas Available

1519 S IL Route 31 Neighborhood

Community

60050 (MCHENRY) Demographics

41
Median Age
1,108
Population Density (per sq. mile)
38%
College Educated
$74,557
Estimated Median Income
9,294
Estimated Total Home Owners
3,271
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1519 S IL Route 31 Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1519 S IL Route 31 Market Data

Based on the last 30 days in this zip code

$393,100
Average List Price
$192
Average Price per Square Foot
48
Properties Sold
39
Average Days on Market
90
Properties for Sale
Calculations provided by Reliance Network