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    Bank Lot 1 Riv Spring Valley, IL 61362

    For Sale
    $795,000

    Land - Spring Valley, IL

    Lot size:
    11.16 Acres
    Days on Market:
    83
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for Bank Lot 1 Riv

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTHER
    APN
    2403251001
    Lot size
    11.16 Acres

    Utilities

    Heating system
    Propane (Heating)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Leah Erickson (815) 553-2406 License #475204597

    Listing date Sep 24, 2025

    MLS# 12479525 Listing URL

    Copyright © 2025 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.

    Overview

    Riverfront Land with Barge Access

    This commercial property is located along the Illinois River, offering space for barge tie-offs, a historic clubhouse, and river access. The property is suited for various commercial endeavors, offering waterfront views and barge parking. It is suited for businesses seeking logistics solutions and accessibility. The property could be used as a waterfront commercial or agricultural hub, or a recreation destination. There is room for barge parking, which allows businesses to streamline operations and reduce transportation costs. There is a current assignable lease on the property through 7/31/2030 for conducting marine and barge operations including fleeting, switching, and mooring. The lot size is 11.16 acres. Incentives may be available to the next owner through Enterprise Zone or Illinois Valley Port Authority. The property is located in Spring Valley, IL.
    Location Intelligence

    Current Use by Public Records

    Truck terminals

    Map

    City
    Spring Valley
    County
    Bureau
    State
    Illinois
    Longitude
    -89.2159
    Latitude
    41.3345

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    FAQs

    What type of property is this?
    Truck terminal - Prime riverfront land suitable for commercial or agricultural development.
    Where is this truck terminal located?
    The property is located at Bank Lot 1 Riv Spring Valley, IL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Prime riverfront location on the Illinois River with barge tie-off capabilities.; - Assignable lease through 7/31/2030 for marine and barge operations.; - Expansive space suitable for various commercial or agricultural endeavors.
    (815) 553-2406
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    Realmo Value Estimation

    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.

    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.

    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
    Bank Lot 1 Riv Spring Valley, IL 61362
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