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

    972 S COMMERCIAL Street Harrisburg, IL 62946

    View on Map
    For Sale
    $180,000

    LAND - Harrisburg, IL

    Lot size:
    2.54 Acres
    Added:
    Oct 29, 2025
    Days on Market:
    155
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 972 S COMMERCIAL Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    06113817
    Lot size
    2.54 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    S22,T09,R06 ,QSW,L ,B PT W1/2 SW1/4
    TaxAnnualAmount
    2913

    Utilities

    Utilities
    Natural Gas Available
    Water source
    Public

    We can help!

    Listing Contact
    Ayn M Bartok
    Ayn M Bartok

    Listing agent Ayn M Bartok License #471001901

    Listing office All In One Real Estate Company 603 N. COMMERCIAL ST., Harrisburg, IL

    Listing date Oct 29, 2025

    MLS# EB460302

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Harrisburg, IL

    This property presents a prime opportunity for establishing or expanding a business. The site benefits from an average daily traffic count of 6,700 vehicles, ensuring high visibility and exposure. It is conveniently located near Routes 145/34, 45, and 13, providing easy access from all directions. Situated on just over 2.5 acres, the property offers ample space and various development possibilities. The current owners have invested in site improvements, including elevating the building area out of the floodplain. Located within the TIF district, the site may qualify for financial incentives. The surrounding area includes retail establishments, professional offices, and medical facilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Saline
    State
    Illinois
    Longitude
    -88.5388865
    Latitude
    37.7215536

    Nearby Similar for Sale

    • $450,000

      Harrisburg Commercial Medical Office Building

      Modern medical office building suitable for various commercial uses.
      30 VETERANS Drive, Harrisburg, IL 62946-3320
      View Details
    • $475,000

      High Visibility Commercial Corner Property

      Commercial building on a high-traffic corner with retail and office potential.
      404 N COMMERCIAL Street, Harrisburg, IL 62946
      View Details
    • $280,000

      Prime Harrisburg Commercial Space Available

      Versatile commercial property on high-traffic US Highway 45 N.
      618 N COMMERCIAL Street, Harrisburg, IL 62946
      View Details
    • $120,000

      Commercial Property in Harrisburg, IL

      Commercial property with high traffic count and development potential.
      309 W Small Street unit: 3 & 4, Harrisburg, IL 62946
      View Details
    • $12,500

      Harrisburg, IL Land For Sale

      Spacious lot near schools and shopping with utility access.
      618 S MCKINLEY Street, Harrisburg, IL 62946
      View Details
    • $150,000

      Harrisburg Commercial Property with Acreage

      Commercial property in Harrisburg, IL with nearly 10 acres.
      201 W Barnett Street, Harrisburg, IL 62946
      View Details
    • $199,000

      Commercial Land in High-Traffic Area

      High-visibility commercial land with concrete pad in place.
      630 N COMMERCIAL Street, Harrisburg, IL 62946
      View Details
    • $500,000
      44,000 SF

      Two Harrisburg Retail Centers Portfolio

      Two retail properties with redevelopment potential in Harrisburg, Illinois.
      701 N Commercial St, Harrisburg, IL 62946
      View Details
    • $190,000

      Well-Maintained Office Building in Harrisburg

      Ready for new owners, flexible layout, co-owned parking lot.
      300 W Small Street unit: Suite 3, Harrisburg, IL 62946
      View Details
    • $1,800,000
      28,320 SF

      Kroger Shadow-Anchored Retail Center

      Retail center with redevelopment potential in Harrisburg, Illinois.
      601 N Commercial St, Harrisburg, IL 62946
      View Details
    • $75,000

      Remodeled Office Building For Sale

      Office building with multiple spaces, remodeled in 2016, large lot.
      1014 N MAIN Street, Harrisburg, IL 62946
      View Details
    • $55,000

      Harrisburg Land For Sale

      5 acres of land previously used as farmland.
      WATER Street, Harrisburg, IL 62946
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land with high visibility and development potential.
    Where is this commercial land located?
    The property is located at 972 S COMMERCIAL Street Harrisburg, IL.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: High traffic count (6,700 vehicles daily) provides outstanding visibility.; Located within a TIF district, offering potential financial incentives.; Site improvements already completed, elevating the building area out of the floodplain.
    (618) 841-2439
    We can help!
    Listing Contact
    Ayn M Bartok
    Ayn M Bartok
    Real Estate License ID: 471001901
    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!