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

    625 Us-36 Tuscola, IL

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $14,500,000

    Prime industrial land with rail service near U.S. Route 36.

    Lot size:
    858.00 Acres

    Property Features for 625 Us-36

    General Information

    Lot size
    858.00 Acres

    We can help!

    Listing Contact
    Zane Peterson
    Zane Peterson
    Source: Moodyscre

    Listing Agent: Zane Peterson

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

    Learn more

    Overview

    858 Acres of Industrial Land

    This is an 858-acre parcel of industrial land, comprised of ten parcels, located directly off U.S. Route 36 in rural Tuscola, Illinois. Rail service is available via Decatur & Eastern Illinois Railroad (DREI), connecting to Canadian National (CN), CSX Transportation (CSX), Norfolk Southern (NS), and Union Pacific (UP) railways. The property includes 153 acres of greenfield farmland. Historically, the site was used by a synthetic ethanol manufacturer and is scheduled to be fully decommissioned by the fourth quarter of 2024. As part of the decommissioning process, all improvements, including utility access, will be removed. The location provides convenient access to Interstate 57 and Interstate 72 via U.S. Route 36, facilitating transit to Midwest states and metro markets such as Chicago, Indianapolis, Louisville, and St. Louis.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuscola
    County
    Douglas
    State
    Illinois
    Longitude
    -88.2831038
    Latitude
    39.7991985

    Nearby Similar for Sale

    • $140,000

      Downtown Tuscola Commercial Opportunity

      Commercial property in downtown Tuscola with potential for various ventures.
      103 N Main St, Tuscola, IL 61953
      View Details
    • $365,000
      0.80 Acres

      Commercial Building in Prime Location

      Large, open concept building in the heart of Tuscola.
      901 E Southline Rd, Tuscola, IL 61953
      View Details
    • $150,000
      0.32 Acres

      Tuscola Warehouse with Sliding Door

      Metal warehouse with concrete floor, suitable for cold storage.
      101 Embarrass St, Tuscola, IL 61953
      View Details
    • $330,000
      0.71 Acres

      Warehouse with Storage Units

      Warehouse with storage units and expansion potential in Tuscola.
      707 E Sale St, Tuscola, IL 61953
      View Details
    • $320,000
      0.41 Acres

      Tuscola Showroom and Office Space

      18,000 SF showroom/office space in downtown Tuscola, Illinois.
      211 N Main St, Tuscola, IL 61953
      View Details
    • $120,000
      0.08 Acres

      Tuscola Retail/Showroom Space For Sale

      Over 3300 SF retail/showroom space in downtown Tuscola, IL.
      106 E Sale St, Tuscola, IL 61953
      View Details
    • $990,000
      37 SF

      37,619 SF Former Grocery Store

      Well-maintained building with ample parking and multiple uses.
      605 E Southline Rd, Tuscola, IL 61953
      View Details
    • $990,000
      37,619 SF

      Former Grocery Store with Parking

      37,619 SF building, formerly a grocery store, for sale.
      607 E Southline Rd, Tuscola, IL 61953
      View Details
    • $130,000
      0.07 Acres

      Downtown Tuscola Retail Building For Sale

      Retail building in downtown Tuscola with showroom space.
      108 E Sale St, Tuscola, IL 61953
      View Details
    • $399,900

      Tuscola Mixed-Use Commercial Building

      High-Traffic Location, Endless Potential
      901 Southline Rd, Tuscola, IL 61953
      View Details
    • $1,500,000
      37,619 SF

      Tuscola Retail Center - Prime Location

      High-Visibility Retail Space, 37,619 SF
      605 Southline Rd, Tuscola, IL 61953
      View Details
    • $450,000
      3,189 SF

      Tuscola Retail Property - $450K

      High-traffic location, versatile space.
      901 Southline Rd, Tuscola, IL 61953
      View Details

    FAQs

    What type of property is this?
    Industrial land - Prime industrial land with rail service near U.S. Route 36.
    Where is this industrial land located?
    The property is located at 625 Us-36 Tuscola, IL.
    What is the asking price?
    The asking price for this property is $14,500,000.
    What are key features of this property?
    This property features: - 858 acres of prime industrial land.; - Rail service available via Decatur & Eastern Illinois Railroad (DREI) connecting to four Class I freight railways.; - Directly off U.S. Route 36, providing easy transit to Interstate 57 and Interstate 72.
    (217) 454-8800
    Request Owner's contact information
    625 Us-36 Tuscola, IL
    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.
    625 Us-36
    Tuscola, IL
    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
    625 Us-36 Tuscola, IL
    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
    Zane Peterson
    Zane Peterson
    (217) 454-8800
    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.