Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4462 N 2979Th Rd Newark, IL 60541

    For Sale
    $42,900

    Land - Newark, IL

    Lot size:
    1.02 Acres
    Days on Market:
    156
    Last Refresh:
    Dec 9 at 10:06 pm

    Property Features for 4462 N 2979Th Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SINGL
    APN
    0524200047
    Lot size
    1.02 Acres

    Building Details

    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Deborah Christensen (815) 553-2406 License #475127109

    Listing date Jul 7, 2025

    MLS# 08972011 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Acre Plus Lot with Gas

    This is an acre plus lot located within the Sandwich School District. The property has access to natural gas. Covenants apply, requiring a minimum of 1700 square feet for a ranch-style home and 2100 square feet for a two-story home. Outbuildings are permitted, but cannot exceed 1,000 square feet. A well and septic system are required. There are no association fees or SSA's. The property allows for building a custom home using a preferred builder, with affordable permit fees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Newark
    County
    Kendall
    State
    Illinois
    Longitude
    -88.5214
    Latitude
    41.5124

    Nearby Similar for Sale

    • $320,000
      4,120 SF

      Newark Mixed-Use Investment Opportunity

      Mixed-use building with retail space and two residential apartments.
      2-4 Front St, Newark, IL 60541
      View Details
    • $1,995,000
      9,520 SF

      Retail Space in Growing Newark

      Massive retail space with solid cap rate in prime location.
      105 Il-71, Newark, IL 60541
      View Details
    • $1,995,000
      9,520 SF

      Martin Avenue Shops: Prime Retail Investment

      High-Cap Retail Center, Newark, IL
      105 Il-71, Newark, IL 60541
      View Details
    • $1,995,000
      9,520 SF

      Prime Newark Retail Investment

      High-Cap Rate Retail Space in Newark, IL
      105 Il-71, Newark, IL 60541
      View Details

    FAQs

    What type of property is this?
    Land - Residential land in Newark, IL, with natural gas access.
    Where is this land located?
    The property is located at 4462 N 2979Th Rd Newark, IL.
    What is the asking price?
    The asking price for this property is $42,900.
    What are key features of this property?
    This property features: - Acre plus lot in Sandwich School District; - Natural gas available for your convenience; - Build your dream home using your own builder
    (815) 553-2406
    Request Owner's contact information
    4462 N 2979Th Rd Newark, IL 60541
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4462 N 2979Th Rd
    Newark, IL 60541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    4462 N 2979Th Rd Newark, IL 60541
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.