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

    8 Kirkpatrick St Benton, IL 62812

    Sponsored
    For Sale
    Contact for pricing

    Vacant Land - Benton, IL

    Lot size:
    0.18 Acres
    Days on Market:
    142
    Last Refresh:
    Jan 18 at 9:06 am

    Property Features for 8 Kirkpatrick St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    100
    APN
    08-17-386-005
    Parking features
    Garage
    Lot size
    0.18 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Henry Torn

    List With Freedom.com (888) 456-4945

    Listing agent Henry Torn (855) 456-4945

    Listing date Aug 30, 2025

    MLS# 11434260 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.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Benton Township

    This 0.18 acre residential lot is located in Benton Township, Franklin County, Illinois, and is zoned R-2 (Residential). The property offers an opportunity to build a custom home. Benton Township combines small-town charm with access to schools, parks, and shopping. Its location near Benton and Mount Vernon provides additional options for dining, entertainment, and employment. The area is surrounded by scenic landscapes, including Rend Lake, which is a destination for fishing, boating, and outdoor recreation, making it suitable for a peaceful lifestyle with convenient regional access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Benton
    County
    Franklin
    State
    Illinois
    Longitude
    -88.905671
    Latitude
    37.996544

    Nearby Similar for Sale

    • $279,000
      0.53 Acres

      Restaurant Opportunity in Benton, IL

      Restaurant location with indoor dining and outdoor deck seating.
      721 W Washington St, Benton, IL 62812
      View Details
    • $395,000
      36,600 SF

      36,000 SF Manufacturing Facility

      Manufacturing facility on 9.4 acres near I-57 and airport.
      450 E Illinois Ave, Benton, IL 62812
      View Details
    • $300,000
      1,500 SF

      Turnkey Oil Change Opportunity

      Turnkey oil change business for sale in Benton, Illinois.
      1510 N Main St, Benton, IL 62812
      View Details
    • $1,700,000
      196,000 SF

      196,000 SF Manufacturing Facility

      Manufacturing facility on 38.62 acres near Benton Airport.
      10231 Sugar Creek Rd, Benton, IL 62812
      View Details
    • $203,000
      1,970 SF

      Benton Commercial Property - Main Street

      Versatile Commercial Space, High Visibility
      221 Main St, Benton, IL 62812
      View Details
    • $75,000
      2,300 SF

      Prime Benton Commercial Building

      Downtown Benton, IL - High-Traffic Location
      123 Main St, Benton, IL 62812
      View Details
    • $450,000
      1,600 SF

      Benton Commercial Building & Business

      Prime location, high traffic, established business included.
      210 Main St, Benton, IL 62812
      View Details
    • $260,000
      17,000 SF

      Benton Commercial Building - Great ROI

      High-yield investment, leased through 2026.
      1522 Main St, Benton, IL 62812
      View Details
    • $164,900
      2,400 SF

      Benton Commercial Building - 2400 sq ft

      Versatile Commercial Space, 1.82 Acres
      300 Industrial Park Rd, Benton, IL 62812
      View Details
    • $59,900
      950 SF

      Benton Commercial Property - Huge Potential

      Versatile 950 sq ft commercial space. Prime location.
      901 Mcleansboro St, Benton, IL 62812
      View Details
    • $120,000
      3,000 SF

      Benton, IL Commercial Property

      High-Return Storage Facility, 1.5 Acres
      400 Wilson St, Benton, IL 62812
      View Details
    • $245,000
      1.40 Acres

      Benton Commercial Land - 1.4 Acres

      High-traffic location, excellent visibility. Great development opportunity.
      1012 Main St, Benton, IL 62812
      View Details

    FAQs

    What type of property is this?
    Land - 0.18 acre residential lot in Franklin County, Illinois.
    Where is this land located?
    The property is located at 8 Kirkpatrick St Benton, IL.
    What is the asking price?
    The asking price for this property is $5,000.
    What are key features of this property?
    This property features: - Build your dream property on this 0.18 acre residential lot.; - Zoned R-2 (Residential) offering building flexibility.; - Located in Benton Township, Franklin County, Illinois.
    (855) 456-4945
    Request Owner's contact information
    8 Kirkpatrick St Benton, IL 62812
    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.
    8 Kirkpatrick St
    Benton, IL 62812
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    8 Kirkpatrick St Benton, IL 62812
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Henry Torn
    Real Estate License ID: 478027424
    (855) 456-4945
    Learn more
    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.