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Corner Residential Development Lot
For Sale
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516 Oak St, Pana, IL 62557

Corner lot offers 120-by-100 dimensions and shared plans availability, with updated sewer and water systems.

Property SizeContact for details
Lot Size0.28 Acres
Days on Market264

Property Features for 516 Oak St

General Information

Standard status Active
Lot size 0.28 Acres
Property subtype Land

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $24
Listing Agency: Phil Dressen Realtors
Listed By: Phil Dressen · License #471004520
Source: Exprealty
Added: Nov 20, 2025 Changed: Aug 8 Last Checked: Jul 17 at 3:10PM

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 Phil Dressen Realtors

Investment Insights

Based on property information with market context.

This listing offers a corner residential development lot measuring 120 by 100. Plans are available from the owner, and the property includes the most updated sewer and water system in the city of Pana, according to the seller.

The site’s corner configuration provides flexible building placement. The seller also references a nearby duplex across the street as a potential comparison point for development.

Ideal for buyers looking to build a duplex-style layout, the property is presented as a ready-to-develop corner lot with updated utilities.

Key Highlights

  • 120‑by‑100 corner lot for duplex building
  • Plans for a duplex are available from the owner
  • Most updated sewer and water system in the city of Pana

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Dental Office Auto Parts Store (Bike/Boat/Book/etc) Store

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

443
Businesses Nearby

Demographics for 62557, IL

6,841
Population
3,338
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
116.9 sq mi
ZIP Area
59
Density / Sq Mi
$51,769
Median Household Income
$29,878
Median Earnings
$684
Median Rent
$93,600
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Corner lot offers 120-by-100 dimensions and shared plans availability, with updated sewer and water systems.
Where is this residential land & home lot located?
The property is located at 516 Oak St Pana, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 120‑by‑100 corner lot for duplex building; Plans for a duplex are available from the owner; Most updated sewer and water system in the city of Pana
More about this property
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