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    Rte 116 Hwy Metamora, IL 61548

    For Sale
    $6,000,000

    Commercial - Metamora, IL

    Lot size:
    25.39 Acres
    Days on Market:
    222
    Last Refresh:
    Dec 7 at 3:06 am

    Property Features for Rte 116 Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    09-19-300-016
    Exterior features
    Level
    Lot size
    25.39 Acres

    Building Details

    Architectural style
    Other

    Jim Maloof Realtor (309) 692-3900 [email protected]

    Listing agent Amber Neal (309) 692-3900 License #475178998

    Listing date Apr 30, 2025

    MLS# PA1239022 Listing URL

    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

    Prime Commercial Land on Route 116

    This commercial development opportunity consists of over 25 acres of land currently utilized for agriculture. The property is located directly on Route 116, providing ingress and egress directly to the state highway. The site benefits from impressive traffic counts in Metamora, Illinois.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Metamora
    County
    Woodford
    State
    Illinois
    Longitude
    -89.38272883
    Latitude
    40.785335865

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      Metamora Commercial Land - Route 116

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    FAQs

    What type of property is this?
    Commercial land - 25+ acres commercial development opportunity on Route 116.
    Where is this commercial land located?
    The property is located at Rte 116 Hwy Metamora, IL.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - Direct access to State Highway (Route 116).; - Commercial development opportunity.; - High traffic counts.
    (309) 692-3900
    Request Owner's contact information
    Rte 116 Hwy Metamora, IL 61548
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    Metamora, IL 61548
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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
    Rte 116 Hwy Metamora, IL 61548
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