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Commercial Land Development Site
For Sale
$1,050,000

700 Eastwood Drive, Mahomet, IL 61853

Land, Mahomet, IL

Property SizeContact for details
Lot Size1.00 Acre
Days on Market368

Property Features for 700 Eastwood Drive

General Information

Property type Land
Property subtype Other
Elementary school Mahomet Elementary School
Middle school Mahomet Junior High School
High school Mahomet-Seymour High School
Elementary school district 3
Middle school district 3
High school district 3
Directions US Hwy 150, north on S Lombard St, east on Eastwood Dr
Subdivision Western Champaign County / Piatt & McClean Counties
Standard status Active
APN 151315251032
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2025
Tax Description Lot pt 2 Sub of the NE 1/4 Sec. 15-20-7, Lot pt 4 Sub of the NE 1/4 Sec. 15-20-7, Lot pt A Dowell, J.B., Sub
Tax Annual Amount 11430
Legal Description Lot pt 2 Sub of the NE 1/4 Sec. 15-20-7, Lot pt 4 Sub of the NE 1/4 Sec. 15-20-7, Lot pt A Dowell, J.B., Sub

Utilities

Utilities Water Available
Listing Agency: Taylor Realty Associates
Listed By: Russell Taylor · License #471001422
Added: Sep 2, 2025 Changed: Aug 19 Last Checked: Sep 4 at 5:06AM
MLS# 12445089

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 1-acre commercial land parcel is positioned near the first town entry and is identified for potential retail, office, or restaurant development. Water is available at the site, supporting its commercial land-use potential.

The property is located in Mahomet, Illinois, near established national brands including Starbucks, Arby's, and Jimmy John's. The nearby interstate averages 34,000 daily travelers, providing a substantial traffic context for the site. The property address is 700 Eastwood Drive, Mahomet, IL 61853.

Key Highlights

  • 1‑acre commercial land parcel
  • Water available at the site
  • Near the first exit into Mahomet

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Building Supply Nail Salon Auto Repair Shop Electrical Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

394
Businesses Nearby

Demographics for 61853, IL

14,218
Population
5,338
Households
2.7
Avg Household Size
38
Median Age
52%
College-Educated
97%
High-School Grad
48.0 sq mi
ZIP Area
296
Density / Sq Mi
$114,974
Median Household Income
$56,473
Median Earnings
$1,226
Median Rent
$281,500
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Commercial land near a town entry with water available and access to established retail and restaurant brands.
Where is this commercial land located?
The property is located at 700 Eastwood Drive Mahomet, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 1‑acre commercial land parcel; Water available at the site; Near the first exit into Mahomet
More about this property
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