Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Hampshire, IL Title is generated by Realmo AI

    1375 Pheasant Trail lot 18, Hampshire, IL 60140

    View on Map
    Claim this Listing
    New
    For Sale
    $125,000

    LAND - Hampshire, IL

    Lot size:
    0.47 Acres
    Added:
    May 22, 2026
    Days on Market:
    4
    Last Refresh:
    May 25 at 9:06 pm

    Property Features for 1375 Pheasant Trail lot 18

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SINGL
    Standard status
    Active
    APN
    0133229003
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3046

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Anne Vodicka
    Anne Vodicka

    Listing agent Anne Vodicka

    Listing office Charles Rutenberg Realty of IL 3135 Book Road, Naperville, IL

    Listing date May 22, 2026

    MLS# 12656682 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large, nearly 1/2 acre lot.
    • Backs to marsh and open space.
    • Utilities to site, ready to build.
    • Suitable for ranch or 2‑story home with walk‑out or look‑out basement.
    • Well‑established subdivision close to the center of town.
    • Survey, soil boring test, and covenants available.

    Overview

    This residential land, nearly 0.47 acres, is ready for construction. The lot backs onto a marsh and open space. Utilities are available to the site, making it suitable for building a ranch or two-story home with a walk-out or look-out basement. Located in an established subdivision, the property is situated close to the center of town in Hampshire, IL. A survey, soil boring test, and covenants are available for viewing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Accounting Firm Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampshire
    County
    Kane
    State
    Illinois
    Longitude
    -88.53375
    Latitude
    42.07905

    Nearby Similar for Sale

    • $320,000
      1,289 SF

      Remodeled Commercial Building on Route 72

      Turnkey commercial building on Route 72 with redevelopment potential.
      124 E Oak Knoll Drive, Hampshire, IL 60140
      View Details
    • $725,000

      Hampshire Commercial Building For Sale

      11,500 SF commercial building in high-visibility location.
      41W584 US HIGHWAY 20, Hampshire, IL 60140
      View Details
    • $470,000

      Historic Building with Sewing Business

      Historic building with thriving quilt/sewing business for sale.
      290 S State Street, Hampshire, IL 60140
      View Details
    • $229,900

      Commercial Property in Hampshire, IL

      Zoned B1, perfect for small business, all brick building.
      279 N State Street, Hampshire, IL 60140
      View Details
    • $325,000
      1,400 SF

      Remodeled Commercial Building on Route 72

      Turnkey 1,400 SF building on 0.48 acres with high visibility.
      124 East Oak Knoll Drive, Hampshire, IL 60140
      View Details
    • $100,000

      Commercial Property in Hampshire, IL

      Commercial property for sale in Hampshire, Illinois.
      107 W Oak Knoll Drive, Hampshire, IL 60140
      View Details
    • $419,000
      6,534 SF

      Mixed-Use Property in Hampshire

      Mixed-use property with office units and apartment in downtown Hampshire.
      278 North State Street, Hampshire, IL 60140
      View Details
    • $110,000

      Residential Land in Burlington Hills

      2.03 acre lot to build your dream home.
      Shepard and Hillview Lane lot: 33 Burlington Hills, Hampshire, IL 60140
      View Details
    • $100,000

      Land with Pond Views

      Residential land zoned for six units with utilities ready.
      944-964 Como Circle, Hampshire, IL 60140
      View Details
    • $383,000

      Commercial Land in Hampshire, IL

      1.82 acre commercial land suitable for various business ventures.
      W Oak Knoll Drive lot: 37, Hampshire, IL 60140
      View Details
    • $240,000

      Commercial Property with B1 Zoning

      All brick building perfect for a small business.
      279 N State Street, Hampshire, IL 60140
      View Details
    • Contact for pricing
      22 SF

      22 Acres Ideal Industrial Land

      22 acres with I-90 frontage, ideal for transportation.
      19N994 Harmony Rd, Hampshire, IL 60140
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nearly half-acre lot ready for construction in established subdivision.
    Where is this residential land & home lot located?
    The property is located at 1375 Pheasant Trail lot 18 Hampshire, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Large, nearly 1/2 acre lot.; Backs to marsh and open space.; Utilities to site, ready to build.
    (630) 929-1100
    We can help!
    Listing Contact
    Anne Vodicka
    Anne Vodicka
    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

    Thank You for Inquiry
    1375 Pheasant Trail lot: 18, Hampshire, IL 60140
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!