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    5389 North Fairway Rd Olney, IL 62450

    New
    For Sale
    $60,000

    Vacant Land - Olney, IL

    Lot size:
    1.00 Acre
    Days on Market:
    7
    Last Refresh:
    Dec 10 at 11:06 pm

    Property Features for 5389 North Fairway Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    06-21-200-024
    Parking features
    Garage
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    Scherer Real Estate

    Listing agent Lee Scherer (618) 843-4161

    Listing date Dec 4, 2025

    MLS# 11506057 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

    Vacant Land in Olney, IL

    This property features a 1-acre lot, equivalent to 44,000 square feet. It is located in Olney, Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Wine and Liquor Store Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Olney
    County
    Richland
    State
    Illinois
    Longitude
    -88.094768
    Latitude
    38.774361

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    FAQs

    What type of property is this?
    Land - One acre vacant land available for sale in Olney.
    Where is this land located?
    The property is located at 5389 North Fairway Rd Olney, IL.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: - 1 acre lot; - 44000 square feet lot; - Garage included
    (618) 843-4161
    Request Owner's contact information
    5389 North Fairway Rd Olney, IL 62450
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    Olney, IL 62450
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    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
    5389 North Fairway Rd Olney, IL 62450
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