Development-Ready Commercial Land
For Sale
$240,000
Pending
580 West Walnut Street, Oglesby, IL 61348
Rectangular commercial lot with municipal utilities, TIF status, and convenient roadway access near the I-39 interchange.
Property SizeContact for details
Lot Size2.27 Acres
Days on Market422
Property Features for 580 West Walnut Street
General Information
Standard status
Pending
Lot size
2.27 Acres
Property subtype
Land
Zoning
COMMR
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,439
Listing Agency:
Executive Realty Group LLC
Listed By:
Patricia Walters · License #475131703
(815) 488-3256
Source:
Compass
Added: Jul 14, 2025
Changed: Aug 8
Last Checked: Jul 24 at 1:21PM
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 Executive Realty Group LLC
Investment Insights
Based on property information with market context.
This development-ready commercial lot is 2.27 acres and has a rectangular shape suited for a range of commercial projects. The property is located in a TIF district and includes all municipal utilities to the site. A natural buffer at the rear separates the lot from nearby residential areas, helping support privacy and site flexibility.
The parcel is approximately a quarter mile from the I-39 interchange in Oglesby, with access and visibility designed for high customer demand. An additional lane along the roadway in front of the property is intended to support traffic flow, deliveries, and customer access. The lot is also in close proximity to Starved Rock State Park, which attracts millions of visitors annually.
The parcel is approximately a quarter mile from the I-39 interchange in Oglesby, with access and visibility designed for high customer demand. An additional lane along the roadway in front of the property is intended to support traffic flow, deliveries, and customer access. The lot is also in close proximity to Starved Rock State Park, which attracts millions of visitors annually.
Key Highlights
- 2.27‑acre rectangular commercial lot near the I‑39 interchange in Oglesby, about a quarter mile away
- Located in a TIF district with all municipal utilities to the site for development‑ready use
- Roadway front includes an additional lane for traffic flow, deliveries, or customer access
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 61348, IL
4,576
Population
2,182
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
93%
High-School Grad
39.3 sq mi
ZIP Area
116
Density / Sq Mi
$71,197
Median Household Income
$44,029
Median Earnings
$691
Median Rent
$139,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Rectangular commercial lot with municipal utilities, TIF status, and convenient roadway access near the I-39 interchange.
Where is this commercial land located?
The property is located at 580 West Walnut Street Oglesby, IL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2.27‑acre rectangular commercial lot near the I‑39 interchange in Oglesby, about a quarter mile away; Located in a TIF district with all municipal utilities to the site for development‑ready use; Roadway front includes an additional lane for traffic flow, deliveries, or customer access
