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

    Ellwood Greens Road lot 3 Genoa, IL 60135

    View on Map
    For Sale
    Under Contract
    $40,000

    LAND - Genoa, IL

    Lot size:
    0.37 Acres
    Added:
    May 6, 2025
    Days on Market:
    331
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for Ellwood Greens Road lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SINGL
    Standard status
    Active Under Contract
    APN
    0236209003
    Lot size
    0.37 Acres

    Taxes and HOA fees

    TaxYear
    2023
    TaxAnnualAmount
    1095

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Carly Phelps

    Listing agent Carly Phelps License #475199910

    Listing office Real Broker, LLC 50 S. Main Street, Suite 200, Naperville, IL

    Listing date May 6, 2025

    MLS# 12357787

    Copyright © 2026 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

    Residential Land Near Forest Preserve

    This partially cleared corner lot is suitable for residential construction. Soil testing was completed in 2024. All utilities are already on site. Located near the Knute Oleson Forest Preserve, the property offers access to walking trails and nature paths. The lot size is 0.37 acres. The zoning is SINGL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Genoa
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.714708
    Latitude
    42.080225

    Nearby Similar for Sale

    • $435,000

      Highway Frontage Commercial Property

      Commercial property with highway frontage and redevelopment potential.
      227 Sycamore Road, Genoa, IL 60135
      View Details
    • $435,000

      Highway Frontage Commercial Property

      Commercial property with highway frontage, redevelopment potential, and rental income.
      227 Sycamore Road, Genoa, IL 60135
      View Details
    • $459,900

      Adaptable Commercial Property in Genoa

      Versatile commercial property with recent upgrades and potential licenses.
      682 Park Avenue, Genoa, IL 60135
      View Details
    • $125,000

      Charming Commercial Building Near Route 72

      Adorable commercial building ideal for various business uses.
      111 Monroe Street, Genoa, IL 60135
      View Details
    • $99,000

      Aero Lake Estates Land

      1+ acre lot in aviation community with runway access.
      21 Eagle Drive, Genoa, IL 60135
      View Details
    • $375,000

      Genoa Apartment Building For Sale

      Six-unit apartment building in growing Genoa community, great investment.
      105 S Sycamore Road, Genoa, IL 60135
      View Details
    • $63,800

      Residential Lot in Quiet Neighborhood

      One-acre lot ready for new home construction in Genoa, Illinois.
      S. Pine Circle lot: 48, Genoa, IL 60135
      View Details
    • $275,000
      1,512 SF

      Established Bar with Gaming

      Turnkey bar opportunity in downtown Genoa with positive cash flow.
      209 W Main St, Genoa, IL
      View Details
    • $120,000

      Commercial Land in Genoa, IL

      Commercial-zoned land offering various development opportunities in Genoa, Illinois.
      120 Monroe Street, Genoa, IL 60135
      View Details
    • Contact for pricing
      2 SF

      Commercial Land on Sycamore Road

      Two-acre commercial land parcel with high visibility and easy access.
      405 Sycamore Rd., Genoa, IL 60135
      View Details
    • $43,000

      Residential Lot in Derby Line Estates

      Corner lot in Genoa, IL, with city water and sewer.
      1311 Secretariat Drive lot: 30, Genoa, IL 60135
      View Details
    • $43,000

      Residential Lot in Derby Line Estates

      Residential lot in a beautiful subdivision with city water/sewer.
      Secretariat Drive lot: 45, Genoa, IL 60135
      View Details

    FAQs

    What type of property is this?
    Land - Partially cleared corner lot ready for construction near nature.
    Where is this land located?
    The property is located at Ellwood Greens Road lot 3 Genoa, IL.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Prime location near Knute Oleson Forest Preserve with walking trails and nature paths.; Partially cleared corner lot ready for construction.; All utilities already on site.
    (630) 439-6385
    We can help!
    Listing Contact
    Carly Phelps
    Real Estate License ID: 475199910
    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!