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    31828 Us Highway 12 Volo, IL 60073

    Sponsored
    For Sale
    $575,000

    Prime Retail Location, High Traffic Area

    Property size:
    3,120 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 3,120 square foot commercial property, located at 31828 N US Highway 12 in Volo, Illinois, presents a remarkable opportunity for business owners and investors alike. Situated on a busy stretch of Route 12, just a short distance from the intersection with Route 120 and adjacent to a Speedway gas station, this location boasts unparalleled visibility with thousands of vehicles passing daily. The building features a ground-floor retail space, ideal for a variety of businesses, and a second-floor apartment currently in place. This upper level offers flexibility, easily adaptable into additional office space to suit the needs of a growing enterprise. The property encompasses approximately one acre of land, providing ample space for expansion, parking, and potential future development. The strategic location, combined with the substantial frontage on Route 12, ensures maximum exposure and accessibility for customers. A significant advantage is the upcoming termination of a special tax assessment for sewer and water in December, resulting in a future reduction of property taxes. This presents a compelling investment opportunity in a thriving and expanding area. Don't miss this chance to secure a prime commercial property with exceptional visibility and growth potential.

    Property Features for 31828 Us Highway 12

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,120 SF

    Building Details

    Year Built
    1951
    Property Profile Location Intelligence

    Current Use by Public Records

    Mattress by Appointment ... Mattress Store

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Volo
    County
    Lake
    State
    Illinois
    Longitude
    -88.16467
    Latitude
    42.32637

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Retail Location, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 31828 Us Highway 12 Volo, IL.
    What is the asking price?
    The asking price for this property is $575,000.
    (708) 633-7227
    Request Owner's contact information
    31828 Us Highway 12 Volo, IL 60073
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    Volo, IL 60073
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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
    31828 Us Highway 12 Volo, IL 60073
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