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    217 State Street Plz Atkinson, IL 61235

    Sponsored
    For Sale
    $645,000

    Prime location, high-traffic development opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 21.82-acre commercial parcel presents a unique investment opportunity at the northwest corner of the I-80 and Atkinson interchange in Atkinson, Illinois. Its strategic location ensures high visibility and accessibility for businesses seeking to capitalize on significant interstate traffic. The property is ideally suited for a diverse range of commercial ventures, including retail establishments, hotels, restaurants, convenience stores, campgrounds, or semi-truck service centers. The zoning designation is B-2, and the site benefits from its inclusion within a Tax Increment Financing (TIF) district, potentially offering attractive financial incentives for development. Essential utilities are readily available, including city water, sewer, three-phase electric service, and natural gas. This expansive tract offers significant potential for substantial returns, making it an attractive proposition for developers and investors seeking a high-impact commercial development site with excellent interstate access. The property's size and location make it a rare find in this thriving area, presenting a compelling opportunity to establish a successful and impactful business. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land.

    Property Features for 217 State Street Plz

    General Information

    Property type
    Other commercial real estate
    Lot Size
    950,479 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atkinson
    County
    Henry
    State
    Illinois
    Longitude
    -90.01566
    Latitude
    41.41244

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    Nearby Similar for Sale

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      Atkinson IL Commercial Land

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      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high-traffic development opportunity.
    Where is this commercial real estate located?
    The property is located at 217 State Street Plz Atkinson, IL.
    What is the asking price?
    The asking price for this property is $645,000.
    Request Owner's contact information
    217 State Street Plz Atkinson, IL 61235
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    Atkinson, IL 61235
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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
    217 State Street Plz Atkinson, IL 61235
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