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    Rte 116 Hwy Metamora, IL 61548

    Sponsored
    For Sale
    $6,000,000

    Prime 25-acre commercial development site. High traffic counts, highway access.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 25.39-acre commercial property presents a rare development opportunity in Metamora, Illinois. Situated directly on Route 116, this site boasts excellent visibility and accessibility, with convenient ingress and egress directly to the state highway. The high traffic counts on Route 116 ensure significant exposure for any future development. Currently used for agricultural purposes, the land offers a blank canvas for a variety of commercial ventures. The expansive acreage provides ample space for large-scale projects, allowing for flexibility in design and functionality. This location offers significant potential for businesses seeking high visibility and convenient access to a major thoroughfare. The property's strategic location and substantial size make it an ideal investment for developers seeking a prime commercial site with significant growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $6,000,000. This is a unique opportunity to acquire a substantial commercial parcel in a desirable location. Don't miss out on this chance to build your vision.

    Property Features for Rte 116 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,105,988 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Metamora
    County
    Woodford
    State
    Illinois
    Longitude
    -89.4136
    Latitude
    40.7898

    Nearby Comparable

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      Versatile Commercial Building Near Route

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 25-acre commercial development site. High traffic counts, highway access.
    Where is this commercial real estate 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.
    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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