Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    SWC Rt 72 And Reinking Rd Pingree Grove, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.3 acre commercial land with high traffic and strong demographics.

    Type:LAND
    Lot size:
    1.30 Acres
    Added:
    Mar 26, 2024
    Days on Market:
    766
    Last Refresh:
    Apr 5 at 11:22 pm

    Property Features for SWC Rt 72 And Reinking Rd

    General Information

    Standard status
    Active
    Lot size
    1.30 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jim Pietrarosso

    Listing agent Jim Pietrarosso

    Listing office Brown Commercial Group

    Listing date Mar 26, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Brown Commercial Group

    Overview

    1.3 Acre Hard Corner Site

    This 1.3-acre commercial land site is located on a hard corner at a traffic-lighted intersection. The location benefits from traffic counts exceeding 12,400 cars daily and strong demographics. Utilities are available to the site. The property is zoned C-1 PUD. The area is suitable for a retail pharmacy, immediate care center, breakfast restaurant, liquor store, or pet supply store.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pingree Grove
    County
    Kane
    State
    Illinois
    Longitude
    -88.4134
    Latitude
    42.0686

    Nearby Similar for Sale

    • $525,000
      1 SF

      Corner Retail Site For Sale

      Hard corner retail site with high visibility and easy access.
      swc Rt. 72 and Reinking Rd., Pingree Grove, IL 60140
      View Details
    • $535,000
      2,500 SF

      Commercial Frontage on US Hwy 20

      Commercial zoned property on US Hwy 20 with two buildings.
      43W427 Route 20, Pingree Grove, IL 60140
      View Details
    • $291,000

      Spacious Duplex with Community Amenities

      Three-bedroom duplex with pool, clubhouse, and gym access.
      1848 Spinnaker Street, Pingree Grove, IL 60140,
      View Details
    • $2,000,000
      33 SF

      Land with Frontage on IL-72

      33-acre land parcel with frontage on IL Route 72.
      Rt. 72 and French Road, Hampshire, IL 60140
      View Details
    • Contact for pricing
      85 SF

      I-90 Frontage Land Available

      Two land sites available with I-90 frontage and utilities.
      SEC I-90 & Route 20, Hampshire, IL 60140
      View Details
    • $5,488,560
      45 SF

      45 Acres Industrial Land Hampshire

      45 acres of industrial land with easy I-90 access.
      Route 20, East of Brier Hill Road, Hampshire, IL 60140
      View Details
    • Contact for pricing

      I-90 Frontage Land Available

      Land with I-90 frontage, utilities, and flexible ownership.
      18N 775 US-20, Hampshire, IL
      View Details
    • Contact for pricing

      I-90 Frontage Land Available

      Land available with I-90 frontage and utilities in place.
      I-90, Hampshire, IL
      View Details
    • Contact for pricing

      Available Land Parcels Near I-90

      Two land parcels available with I-90 frontage and utilities.
      18 U.S. Grant Mem Hwy, Hampshire, IL
      View Details
    • $525,000

      Hard Corner Retail Site

      Retail site at traffic lighted intersection with strong demographics.
      72 and Reinking Rd, Pingree Grove, IL 60140
      View Details
    • Contact for pricing
      31,330 SF

      Industrial Space Near I-90

      62,660 SF industrial building with warehouse and office space.
      US-20 & I-90, Hampshire, IL
      View Details
    • $1,550,000

      Land Near I-90 Interchange

      Land with potential for self-storage and transportation uses.
      43 US-20, Pingree Grove, IL 60140
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.3 acre commercial land with high traffic and strong demographics.
    Where is this commercial land located?
    The property is located at SWC Rt 72 And Reinking Rd Pingree Grove, IL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Hard corner location at traffic lighted intersection; Large 1.3 acre site; Benefit from 12,400+ cars daily traffic count
    (847) 758-9200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jim Pietrarosso
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!