The Heart of the Fox
The City of McHenry, situated along the Fox River and 10 miles from the Wisconsin border, is a vibrant community of 27,525 people. The City has experienced rapid but balanced growth over the past decade, averaging a 3-4% growth rate per year. There were 1,266 new residential building permits issued between 2001 and 2004. The average 3-bedroom home sale price in 2004 exceeded $200,000 and increased by 11% between 2003 and 2004. McHenry's median household income is over $55,000 and the per capita family income exceeds $23,000.
McHenry is fortunate in that it has three distinct downtown areas which are rich in history: Main Street, Green Street and Riverside Drive. All three areas consist of quaint specialty retail shops, as well as service-oriented businesses. Each of the downtown districts has its own identity and affords tremendous opportunities for redevelopment. State Route 120 and State Route 31 traverse the downtown districts with average daily traffic counts of 30,000 and 22,000 vehicles respectively.
The McHenry City Council is committed to the ongoing success and redevelopment of the downtown areas. The City is currently in the final stages of planning the development of a mile-long Riverwalk along Boone Lagoon and the Fox River. In 2002, the City established a Tax Increment Financing (TIF) District encompassing the Riverside Drive and Green Street downtown areas; and in 2003 the City adopted a Downtown Master Plan to further promote redevelopment and investment. In 2004, the City Council passed a Downtown Overlay District, along with Design Guidelines to further the goals and objectives of the Downtown Plan. A Facade Improvement Grant program, sponsored by the City, offers funds for improvements to commercial buildings in downtown that are over 50 years old. McHenry's commitment to its downtown has already resulted in two redevelopment projects. On Waukegan Road east of Green Street, Riverwalk Place townhome development, consisting of 20 upscale townhomes on 1.69 acres along the proposed Riverwalk, is currently under construction. The former Eby Brown building on Illinois Route 120 was renovated and is now a successful retail center.
The City of McHenry downtown is going through an exciting time and McHenry is looking for you to become a part of it! For more information on redevelopment opportunities, please contact:
- Director of Economic Development
- City of McHenry
- 333 South Green Street
- McHenry, Illinois 60050