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Recreation and Development Land
For Sale
$299,000

2501 US Highway 20 West, Hanover, IL 61041

Land offering 320 feet of road frontage on US 20, with a large flat area suitable for a potential building site.

Property SizeContact for details
Days on Market983

Property Features for 2501 US Highway 20 West

General Information

Standard status Active
Property subtype Land

Site & Location

Traffic Count 5,750 vehicles/day
Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $1,618
Listing Agency: DICKERSON & NIEMAN
Listed By: Todd Henry · License #475154618
Source: Compass
Added: Nov 30, 2023 Changed: Aug 8 Last Checked: Jul 23 at 4:11PM

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 DICKERSON & NIEMAN

Investment Insights

Based on property information with market context.

This property consists of land with multiple features that support a range of uses, including a large flat area along US 20 that could be used for a potential building site. As you move west, the property includes open fields with multiple ponds, while the back portion includes early successional forest and groves of oaks and hickories. Wildlife sign is scattered across the property.

The parcel is located just outside Elizabeth and has 320 feet of road frontage on US 20. US-20 is described as the main route to Galena, with a daily average traffic count of 5,750.

The property includes existing buildings that are being sold as-is, and the county should be consulted regarding any plans for development.

Key Highlights

  • 320 feet of road frontage on US 20, the main route to Galena
  • Large flat area along US 20 that could serve as a potential building site
  • Open fields with multiple ponds in the western portion of the property

Property Analytics

Current Use

Hunting land

Suggested Use

Top Pick Florist Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5,750 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby

Demographics for 61041, IL

1,352
Population
797
Households
1.7
Avg Household Size
48
Median Age
17%
College-Educated
88%
High-School Grad
80.3 sq mi
ZIP Area
17
Density / Sq Mi
$44,464
Median Household Income
$32,632
Median Earnings
$769
Median Rent
$112,300
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Hunting land - Land offering 320 feet of road frontage on US 20, with a large flat area suitable for a potential building site.
Where is this hunting land located?
The property is located at 2501 US Highway 20 West Hanover, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 320 feet of road frontage on US 20, the main route to Galena; Large flat area along US 20 that could serve as a potential building site; Open fields with multiple ponds in the western portion of the property
More about this property
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