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    Rte 116 Hwy Germantown, IL 61548

    For Sale
    $300,000

    0.95-acre lot, prime commercial location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 0.95-acre commercial lot presents a unique investment opportunity in the thriving town of Germantown, Illinois. Located at 0 Route 116 Highway, this property boasts excellent visibility and accessibility, making it ideal for a wide range of commercial ventures. The expansive lot offers ample space for development, allowing for the construction of a substantial building to suit your specific business needs. Its strategic location along Route 116 ensures high traffic volume and significant exposure to potential customers. The property is zoned for general commercial use, providing flexibility for various business types. This is a rare chance to acquire a sizable parcel of land in a desirable location, perfect for establishing a new business or expanding an existing one. The asking price of $300,000 represents a compelling value for this prime commercial real estate. Don't miss this opportunity to secure a prominent presence in the heart of Germantown. The property's size and location make it an attractive proposition for developers and entrepreneurs alike. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. Act quickly, as opportunities like this are seldom available. The property is ready for immediate development, allowing for a swift start to your project. This is a blank canvas for your commercial vision.

    Property Features for Rte 116 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    41,382 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Germantown
    County
    Woodford
    State
    Illinois
    Longitude
    -89.4138
    Latitude
    40.7898

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    FAQs

    What type of property is this?
    Commercial real estate - 0.95-acre lot, prime commercial location.
    Where is this commercial real estate located?
    The property is located at Rte 116 Hwy Germantown, IL.
    What is the asking price?
    The asking price for this property is $300,000.
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    Rte 116 Hwy Germantown, IL 61548
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    Germantown, 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 Germantown, IL 61548
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