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

    93 Heatherdowns Ln Galena, IL 61036

    Sponsored
    For Sale
    $75,000

    Land - GALENA, IL

    Lot size:
    2.02 Acres
    Days on Market:
    67
    Last Refresh:
    Jan 19 at 9:06 pm

    Property Features for 93 Heatherdowns Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0810302200
    Interior features
    None
    Lot size
    2.02 Acres

    Taxes and HOA fees

    Expense value
    1404
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    ANDY KLEMMT

    Choice Realty (815) 235-2111 [email protected]

    Listing agent ANDY KLEMMT (815) 777-3100 License #475124963

    Listing date Nov 14, 2025

    MLS# 130515 Listing URL

    Copyright © 2026 Rockford Area 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

    Secluded Land with Valley Views

    This 2.02-acre land parcel is situated in a private and quiet area on a hidden cul-de-sac in Galena, IL. The property offers a wonderful building site with long vistas of the Shenandoah Valley, the Elizabeth lights at night, and the Berlage farm. Mature hardwoods are abundant on the property. It is located very close to the Eagle Ridge General Golf Course. Ownership in The Galena Territory Association (GTA) includes access to an Owners' Club with indoor and outdoor pools, a fitness facility, outdoor tennis, a multi-sport gym, and a game room. Residents also have access to Lake Galena and the Marina Complex, The Shenandoah Riding Center, and a 24-mile trail system and greenspace providing over 1,900 acres of year-round outdoor recreation. 24/7 Security Patrol is provided. The property is a short drive to the restaurants, championship golf, and spa facilities of Eagle Ridge Resort & Spa on the GTA grounds. Sale is subject to GTA document transfer fee.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Hotel & Motel Bed & Breakfast Italian Restaurant Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Galena
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.315040200949
    Latitude
    42.377122789621

    Nearby Similar for Sale

    • $1,950,000
      22,094 SF

      Modern Industrial Facility in Galena

      Well-appointed industrial building suitable for manufacturing, distribution, or corporate operations.
      11420 Dandar St, Galena, IL 61036
      View Details
    • $1,295,000
      5,655 SF

      Remodeled Commercial Building in Galena

      Rehabbed commercial building with rental income potential in Galena, IL.
      11358 Industrial Dr, Galena, IL 61036
      View Details
    • $850,000

      Turn Key Galena Inn

      Mixed-use property with unlimited possibilities in downtown Galena, Illinois.
      412 Spring St, Galena, IL 61036
      View Details
    • $695,000

      Versatile Mixed-Use Property in Galena

      Log home with warehouse on 8.74 acres near Highway 20.
      5140 Hwy 20 West, Galena, IL 61036
      View Details
    • New
      $749,900
      4,600 SF

      Versatile Industrial Complex with Office

      Galena industrial property featuring office and warehouse space.
      11470 Industrial Dr, Galena, IL 61036
      View Details
    • $375,000

      Galena Business with Real Estate

      Business opportunity near downtown Galena with historical significance.
      414 Spring St, Galena, IL 61036
      View Details
    • $210,900
      860 SF

      Galena Territory Golf Course Villa

      Two-bedroom villa near Eagle Ridge golf with updated features.
      30 Farmstead Dr, Galena, IL 61036
      View Details
    • Contact for pricing

      Office/Retail Space on Highway 20

      Office and/or retail space for sale or rent on Highway 20.
      809 Spg Hwy 20, Galena, IL 61036
      View Details
    • $914,000

      Galena Retail and Warehouse Space

      Prime retail and warehouse space in historic Galena, Illinois.
      1233 N Franklin St, Galena, IL 61036
      View Details
    • $600,000

      Retail Business Opportunity in Galena

      Retail business with real estate for sale on Highway 20.
      412 Spring St, Galena, IL 61036
      View Details
    • Contact for pricing

      Galena Industrial Park Warehouse

      40,000 SF warehouse with office space and climate control.
      100 A J Harle Dr, Galena, IL 61036
      View Details
    • $975,000

      Galena Inn: Turnkey Opportunity

      Historic Inn, High Occupancy, Strong ROI
      900 3Rd St, Galena, IL 61036
      View Details

    FAQs

    What type of property is this?
    Land - Private Galena land with vistas, near golf and recreation.
    Where is this land located?
    The property is located at 93 Heatherdowns Ln Galena, IL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Private and quiet location on a hidden cul-de-sac with long vistas of the Shenandoah Valley.; - Access to Galena Territory Association (GTA) amenities including Owners' Club (indoor/outdoor pools, fitness, tennis, gym, game room), Lake Galena, Marina Complex, Shenandoah Riding Center, and 24-mile Trail System.; - Close proximity to Eagle Ridge General Golf Course.
    (815) 291-8911
    Request Owner's contact information
    93 Heatherdowns Ln Galena, IL 61036
    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.
    93 Heatherdowns Ln
    Galena, IL 61036
    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
    93 Heatherdowns Ln Galena, IL 61036
    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
    ANDY KLEMMT
    Real Estate License ID: 475124963
    (815) 291-8911
    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.