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    121 Ashland St Morton, IL 61550

    Sponsored
    For Sale
    $299,900

    Prime 1-acre commercial lot, high traffic.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 1-acre commercial property located at 121 W Ashland Street in Morton, Illinois presents a rare development opportunity. Situated in a high-profile retail area, this B-3 (General Commercial) zoned lot boasts exceptional visibility and high traffic counts due to its strategic location. The property is ideally positioned adjacent to Lakewood Park/Pond, offering a pleasant surrounding environment. Its proximity to major roadways, including convenient access to I-74 Interstate Exit, ensures excellent accessibility for customers and employees. The surrounding area is already home to a thriving commercial landscape, with established businesses such as Dunkin', Enterprise Truck Rental, Best Western/Morton Inn, Taco Bell, and Circle K all located nearby. This prime location offers immediate access to a substantial customer base and presents significant potential for a wide range of commercial ventures. The property's size and zoning provide ample flexibility for development, making it an attractive investment for businesses seeking a prominent presence in a bustling community. This is a unique opportunity to establish a successful business in a highly desirable location. Don't miss out on this exceptional chance to acquire a prime commercial property in Morton, Illinois.

    Property Features for 121 Ashland St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Morton
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.46577
    Latitude
    40.6257

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 1-acre commercial lot, high traffic.
    Where is this commercial real estate located?
    The property is located at 121 Ashland St Morton, IL.
    What is the asking price?
    The asking price for this property is $299,900.
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    121 Ashland St Morton, IL 61550
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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
    121 Ashland St Morton, IL 61550
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