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    Hancock County Agricultural and Recreational Land Title is generated by Realmo AI

    3065 East County Road 1000, Plymouth, IL 62367

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    For Sale
    $395,000

    Versatile property with home, tillable land, timber, and water.

    Type:Land / Acres
    Property size:
    2,112 SF
    Price / SF:
    $187/SF
    Added:
    Mar 17, 2026
    Days on Market:
    80
    Last Refresh:
    Mar 18 at 8:12 am

    Property Features for 3065 East County Road 1000

    General Information

    Standard status
    Active
    Size
    2,112 SF
    Property subtype
    Land / Acres

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Marlee Schultz

    Listing agent Marlee Schultz License #475206145

    Listing office Whitetail Properties Real Esta

    Listing date Mar 17, 2026

    Source Compass

    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 Whitetail Properties Real Esta

    HighLights

    • River Frontage: Enjoy fishing and wildlife viewing with frontage on the La Moine River.
    • Agricultural Potential: Approximately 12 acres in alfalfa production, with row crop conversion possibilities.
    • Versatile Outbuilding: Features a 48x48 shed with concrete floor, stalls, and hay loft.
    • New Construction Home: This property includes a 2,112 sq ft home built in 2025.
    • Water Features: Two ponds located on the property.
    • Timber and Recreational Use: The remaining acreage is timber, offering diverse habitat and recreational opportunities.

    Overview

    This property, situated in eastern Hancock County, Illinois, features a blend of residential amenities, cultivable land, timber resources, and water elements. The 2,112 sq ft home, constructed in 2025 on a concrete slab, includes one main-level bedroom, a bathroom with tub, an open-concept living and kitchen space, a 768 sq ft washroom, and a 576 sq ft unfinished loft suitable for storage or other purposes. A 48x48 shed, equipped with multiple concrete-floor stalls and a hay loft, offers space for livestock, equipment, or workshop activities. Approximately 12 acres are dedicated to alfalfa production, with the possibility of converting to row crops or continuing hay cultivation. The remaining acreage consists of timber, providing varied habitat and recreational opportunities. The property adjoins additional habitat to the south, fostering deer and turkey activity. Two ponds are present on the property, one located east of the home within a fenced area and the other in the southwest portion. The La Moine River establishes the eastern boundary, creating wildlife travel corridors and fishing prospects. Combining timber, tillable ground, water features, and river frontage, this property presents a comprehensive recreational and agricultural environment in western Illinois.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Plymouth
    County
    Hancock
    State
    Illinois
    Longitude
    -90.916224
    Latitude
    40.343692

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Versatile property with home, tillable land, timber, and water.
    Where is this agricultural land / farmland located?
    The property is located at 3065 East County Road 1000 Plymouth, IL.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: River Frontage: Enjoy fishing and wildlife viewing with frontage on the La Moine River.; Agricultural Potential: Approximately 12 acres in alfalfa production, with row crop conversion possibilities.; Versatile Outbuilding: Features a 48x48 shed with concrete floor, stalls, and hay loft.
    (217) 617-2194
    We can help!
    Listing Contact
    Marlee Schultz
    Real Estate License ID: 475206145
    Learn More
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    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
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