Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8A8 Franklin Apple River, IL 61001

    View on Map
    Pending
    $45,000

    Land - APPLE RIVER, IL

    Lot size:
    0.77 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 5 at 5:06 am

    Property Features for 8A8 Franklin

    General Information

    Property type
    Land
    Property subtype
    Other
    Interior features
    County Taxes, Transferable Boat Slip
    Standard status
    Pending
    APN
    1800800800
    Lot size
    0.77 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    21
    Expense value
    1396
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    WESLEY COCAGNE

    Listing agent WESLEY COCAGNE License #471001763

    Listing office COLDWELL BANKER NETWORK REALTY 401 S MAIN ST., Galena, IL

    Listing date Mar 21, 2026

    MLS# 202601550 Listing URL

    Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Apple Canyon Lake Wooded Lot

    This property is a 0.77-acre lot located in Apple River, Illinois. The wooded lot slopes to the rear, offering potential for a home with a walk-out lower level. It includes a transferable boat dock in the Nixon Beach location (N-1-13). The Nixon Beach location features a private beach area suitable for swimming and sunbathing, along with a pavilion for shade and bathrooms. Please note that association covenants and restrictions apply. The Apple Canyon Lake Property Owners Association charges an annual fee for the transferable dock, and annual dues and fees also apply.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Apple River
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.150969
    Latitude
    42.436475

    Nearby Similar for Sale

    • $292,000

      Waterfront Lot on Apple Canyon

      1.33 acre waterfront lot with 290 feet shoreline.
      5A59 Council Fire, APPLE RIVER, IL 61001
      View Details
    • $750,000

      Versatile Commercial Property in Apple River

      Over 10,000 sq ft property with multiple business opportunities.
      300 W Hickory, APPLE RIVER, IL 61001
      View Details
    • $5,900

      Land Near Apple Canyon Lake

      Homesite near nature trails, Nixon Beach, and Waterfall/Spillway.
      12A68 Washington, APPLE RIVER, IL 61001
      View Details
    • $6,900

      Apple Canyon Lake Vacant Lot

      Vacant lot with lake glimpse and community amenities.
      9A59 Ash, APPLE RIVER, IL 61001
      View Details
    • $5,000

      Apple Canyon Lake Open Lot

      Open lot near Apple Canyon Lake amenities.
      14A20 Marina View, APPLE RIVER, IL 61001
      View Details
    • $65,000

      Vacant Lot with Lake View

      Vacant lot with seasonal lake view in Apple River.
      3A190 General Bragg, APPLE RIVER, IL 61001
      View Details
    • $9,500

      Secluded Apple Canyon Lake Lot

      1.34-acre lot near Apple Canyon Lake trail system.
      4A34 Stevens, APPLE RIVER, IL 61001
      View Details
    • $200,000

      Lakefront Lots on Apple Canyon

      Two lots near Apple Canyon Lake, one with lake frontage.
      1A55 Raindance, APPLE RIVER, IL 61001
      View Details
    • $8,500

      Apple River Homesite Lot

      Vacant lot in Apple Canyon Lake with many amenities.
      11A70 Fairway Drive, Apple River, IL 61001
      View Details
    • $999

      Wooded Lot Near Trail System

      Wooded lot near association trail system in Apple River.
      13A44 Pioneer, APPLE RIVER, IL 61001
      View Details
    • $1,500

      Land Near Apple Canyon Lake

      0.37-acre land with access to Apple Canyon Lake amenities.
      11A148 Bogey Court, APPLE RIVER, IL 61001
      View Details
    • $10,500

      Land Near Apple Canyon Lake

      Land near Nixon Beach with trail access and waterfall views.
      12A319 Eisenhower, APPLE RIVER, IL 61001
      View Details

    FAQs

    What type of property is this?
    Land - 0.77-acre wooded lot with transferable boat dock.
    Where is this land located?
    The property is located at 8A8 Franklin Apple River, IL.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Large .77 acre lot in Apple Canyon Lake.; Includes a Transferable Boat Dock in desirable Nixon Beach location (N‑1‑13).; Wooded lot with slope ideal for a walk‑out lower level home.
    (815) 541-5656
    We can help!
    Listing Contact
    WESLEY COCAGNE
    Real Estate License ID: 471001763
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!