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    OFF-MARKET
    Commercial real estate

    519 State Highway 146, Mcclure, IL 62957

    3.67 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.67-acre commercial property at 519 State Highway 146 in McClure, Illinois, presents a rare investment opportunity. Currently operating as a well-established bar/club, its prominent location boasts unparalleled visibility and accessibility. The property features an expansive parking area, significantly larger than most comparable businesses, eliminating customer parking frustrations. The sheer size of the parking lot offers substantial expansion potential, allowing for significant development. Beyond the existing structure, the truly unique aspect of this offering lies in the potential for a much larger acquisition. The property presents the possibility of acquiring additional land, totaling over 10 acres, encompassing both sides of the highway. This would provide an extensive frontage along the highway, significantly increasing the property's value and development potential. The recent construction of a $100 million, four-lane bridge directly increases traffic flow past the property, creating an ideal location for a variety of commercial ventures. The possibilities are vast, ranging from a mega auto complex or junior college to a medical clinic or other large-scale development. This is a once-in-a-lifetime chance to secure a substantial commercial property with exceptional growth potential in a high-traffic area. The asking price is $540,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3.67 ac (159,865 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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