Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    760 Lasalle Rd, Unit 4 La Salle, IL 61301

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,400,000

    27.8 acre parcel suitable for data center or logistics development.

    Property size:
    27 SF

    Property Features for 760 Lasalle Rd

    General Information

    Size
    27 SF

    We can help!

    Listing Contact
    Richard Faltz
    Source: Cbcworldwide

    Listing Agent: Richard Faltz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    LaSalle Land Parcel for Development

    This 27.8-acre parcel is annexed, platted, zoned, and partially improved within the City of LaSalle, Illinois. Roads and utilities are available to the site. The property is located less than 1 mile from a full I-80 interchange and 2 miles east of the I-39/I-80 interchange, approximately 90 miles west of Chicago. It is situated within the Ameren Utility service area for electric and gas connections, and high-speed fiber internet providers service the area. A city water tower is located adjacent to the site. The parcel is located within the City of LaSalle Industrial TIF III, and additional job creation and building/development incentives may be available from the city of LaSalle and IVVC economic development authority. Potential uses include a solar farm, renewable energy facility, data center development, logistics center, truck terminal, or warehouse facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Department Store Hair Salon Auto Parts Store Food Market Accounting Firm HVAC Service Garden Center Skin Care Clinic Bakery Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    La Salle
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.125039
    Latitude
    41.368096

    Nearby Similar for Sale

    • $349,900
      0.20 Acres

      Mixed-Use Building with Apartment Potential

      Mixed-use building with six apartments and retail space potential.
      801 1St St, La Salle, IL 61301
      View Details
    • $1,400,000
      1.23 Acres

      Versatile Commercial Building in LaSalle

      Expansive commercial building with flexible zoning and high visibility.
      235 3Rd St, La Salle, IL 61301
      View Details
    • $105,000

      Established Restaurant Business Opportunity

      Thriving restaurant business with loyal following in Ottawa/River Valley.
      Confidential St, La Salle, IL 61301
      View Details
    • $750,000
      2,964 SF

      La Salle Warehouse: 21 Acres

      Prime Industrial Warehouse, High Traffic Area
      522 Us Highway 6, La Salle, IL 61301
      View Details
    • $350,000
      3,188 SF

      Downtown LaSalle Restaurant - $350K

      Turnkey Restaurant, High Traffic Area, Vacant
      833 3Rd St, La Salle, IL 61301
      View Details
    • $180,000
      2,800 SF

      La Salle Bar & Apartment Building

      Profitable Mixed-Use Investment
      945 1St St, La Salle, IL 61301
      View Details

    FAQs

    What type of property is this?
    Commercial land - 27.8 acre parcel suitable for data center or logistics development.
    Where is this commercial land located?
    The property is located at 760 Lasalle Rd, Unit 4 La Salle, IL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Prime location less than 1 mile from I-80 interchange and 2 miles from I-39/I-80 interchange, offering excellent transportation access.; - Zoned, platted, and partially improved 27.8-acre site within the City of LaSalle, IL.; - Located within City of LaSalle Industrial TIF III, providing potential job creation and development incentives.
    (815) 553-2406
    Request Owner's contact information
    760 Lasalle Rd, Unit 4 La Salle, IL 61301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    760 Lasalle Rd, Unit 4
    La Salle, IL 61301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    760 Lasalle Rd, Unit 4 La Salle, IL 61301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Richard Faltz
    Real Estate License ID: 471008936
    (815) 553-2406
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.