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

    5336 E Red Oak Ln Olney, IL 62450

    Picture of Land at E Red Oak Ln 5336, Olney, IL
    For Sale
    $69,900

    Vacant Land - Olney, IL

    Lot size:
    1.14 Acres
    Days on Market:
    253
    Last Refresh:
    Dec 10 at 5:06 pm

    Property Features for 5336 E Red Oak Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Lot size
    1.14 Acres

    Building Details

    Architectural style
    Other

    Racklin Realty Inc.

    Listing agent Brandy Piercefield (618) 395-7653

    Listing date Apr 2, 2025

    MLS# 11462284 Listing URL

    Copyright © 2025 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.

    Overview

    Olney Vacant Land For Sale

    This 1.14-acre lot is located in White Oaks Subdivision, just off Seven Hills Lane, outside of city limits. It is suitable for building a custom dream home, with the option to choose from builder's plans. The subdivision provides access to City Gas, EJ Water, Sparklight Internet, and Norris Electric for utility services.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Dental Office Gym & Fitness Travel Agency Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olney
    County
    Richland
    State
    Illinois
    Longitude
    -88.045497
    Latitude
    38.747068

    Nearby Similar for Sale

    • $949,900
      99,000 SF

      99,000 SF Warehouse/Office Building

      99,000 SF warehouse and office space on 10+ acres.
      3471 N Union Dr, Olney, IL 62450
      View Details
    • $949,900
      10.03 Acres

      Olney Industrial Property - 10 Acres

      Spacious Warehouse & Office Space - 10 Acres
      3471 Union Dr, Olney, IL 62450
      View Details
    • $345,000
      2,375 SF

      Olney Industrial Property - $345K

      Flex/Warehouse space, 5.5 acres, great potential.
      600 Camp Ave, Olney, IL 62450
      View Details
    • $799,000
      11,700 SF

      Olney, IL Commercial Office Building

      Executive & Creative Office Space, 11,700 SF
      4295 Holly Rd, Olney, IL 62450
      View Details

    FAQs

    What type of property is this?
    Land - 1.14 acre lot in White Oaks Subdivision, Olney, Illinois.
    Where is this land located?
    The property is located at 5336 E Red Oak Ln Olney, IL.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: - 1.14 acre lot provides ample space.; - Located in White Oaks Subdivision.; - Outside city limits.
    (618) 395-7653
    Request Owner's contact information
    5336 E Red Oak Ln Olney, IL 62450
    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.
    5336 E Red Oak Ln
    Olney, IL 62450
    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
    5336 E Red Oak Ln Olney, IL 62450
    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.