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    Recreational Land with Hunting Cabin Title is generated by Realmo AI

    103 E Mississippi St, El Dara, IL 62312

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    For Sale
    $62,000

    Vacant Land - El Dara, IL

    Property size:
    288 SF
    Lot size:
    2.97 Acres
    Price / SF:
    $215/SF
    Added:
    May 27, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 103 E Mississippi St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Standard status
    Active
    APN
    55-035-08
    Lot size
    2.97 Acres

    Taxes and HOA fees

    Tax Annual Amount
    320

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Marlee Schultz

    Listing agent Marlee Schultz

    Listing office Whitetail Properties Real Estate LLC 121 S Madison St, Pittsfield, IL

    Listing date May 27, 2026

    MLS# 11800355 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2.97‑acre recreational tract in El Dara, Pike County with an existing hunting cabin and basic improvements
    • 12' x 24' cabin built in 1989 with multiple updates, including roof sealed in 2015 and an awning/porch added in 2004
    • Shed east of the cabin serves as a shower house added in 2015, including a small water heater; no full plumbing system
    • Grey water currently drains out the front of the buildings; buyers should confirm any future plumbing/septic/utility needs
    • All appliances convey; includes a small storage shed and an established game hanging frame
    • Land offers a mix of wooded cover and open grassy areas for parking, gathering, and equipment maintenance

    Overview

    This 2.97-acre +/- recreational property includes a 12’ x 24’ cabin built in 1989, plus basic improvements intended to support on-site camping and hunting use. The cabin has undergone updates over time, including a roof that was sealed in 2015 and an awning/porch added in 2004 to provide covered outdoor space near the structure. Appliances convey with the property. An additional shed east of the cabin serves as a shower house and was added in 2015, including a small water heater; there is no full plumbing system in place, and grey water currently drains out the front of the buildings. A separate small storage shed is also on site, and a game hanging frame is established in the middle of camp. The land includes a mix of wooded cover and open areas, with parking, gathering, and equipment maintenance space around the cabin.

    Located in El Dara in Pike County at 103 E Mississippi St, the property is positioned in a timbered setting with established trees and surrounding open ground nearby. The wooded portion provides a tucked-away feel, while open grassy areas support weekend use and camp operations.

    For buyers seeking a manageable small-acreage setup, this tract can function as a hunting base camp or a quiet weekend retreat, with the cabin and covered porch serving as a ready starting point. The covered area, storage buildings, and existing camp features support practical day-to-day use during the season, and the property’s mix of timber and open spaces offers both cover and usable yard area. Prospective buyers should complete their own due diligence regarding access, boundaries, and any future plumbing, septic, or utility needs they may want to add.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    El Dara
    County
    Pike
    State
    Illinois
    Longitude
    -90.991393
    Latitude
    39.623302

    FAQs

    What type of property is this?
    Hunting land - Wooded acreage with an existing 12x24 hunting cabin, covered porch, and shower shed for a functional weekend base.
    Where is this hunting land located?
    The property is located at 103 E Mississippi St El Dara, IL.
    What is the asking price?
    The asking price for this property is $62,000.
    What are key features of this property?
    This property features: 2.97‑acre recreational tract in El Dara, Pike County with an existing hunting cabin and basic improvements; 12' x 24' cabin built in 1989 with multiple updates, including roof sealed in 2015 and an awning/porch added in 2004; Shed east of the cabin serves as a shower house added in 2015, including a small water heater; no full plumbing system
    (217) 617-2194
    We can help!
    Listing Contact
    Marlee Schultz
    Real Estate License ID: 475206145
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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