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    8890 Us Hwy 45 Hwy Eldorado, IL 62930

    For Sale
    $109,000

    Versatile Commercial Building, 3.7 Acres

    Property size:
    2,004 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional Eldorado, IL commercial property presents a wealth of opportunities for savvy investors. Situated on a generous 3.7-acre lot at 8890 US Hwy 45 N Highway, this property boasts a substantial 2,004 square foot building, previously utilized as a lawn and garden center and equipment lot. The building is equipped with electricity, septic, heating, and air conditioning, offering a solid foundation for a variety of businesses. While water currently requires hauling or installation, the previous owner successfully utilized a hauling system. The building includes a convenient small apartment complete with a full bath, kitchen, and bedroom, adding to its versatility. A half bath with washer and dryer connections is also available. Exterior features include a covered front patio, a drive-through garage, a 20' x 20' detached garage, and an enclosed carport/garage, providing ample storage and workspace. Interior features include built-in shelving, a bar, and a desk, all included in the sale. Three propane wall heaters and two window air conditioning units provide climate control. The property also features a small pond nestled within a wooded area, adding a unique and tranquil element to the landscape. This property's combination of building size, acreage, and existing infrastructure makes it an ideal investment for entrepreneurs seeking a versatile and established location.

    Property Features for 8890 Us Hwy 45 Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,004 SF
    Lot Size
    161,172 SF

    Building Details

    Year Built
    1999
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Eldorado
    County
    Saline
    State
    Illinois
    Longitude
    -88.42496
    Latitude
    37.82494

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Building, 3.7 Acres
    Where is this commercial real estate located?
    The property is located at 8890 Us Hwy 45 Hwy Eldorado, IL.
    What is the asking price?
    The asking price for this property is $109,000.
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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
    8890 Us Hwy 45 Hwy Eldorado, IL 62930
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