Property summary
This 0.99-acre commercial land parcel in Mahomet, Illinois, presents a compelling investment opportunity. Located at 603 South Prairie View Road, this property boasts a strategic position roughly two blocks north of Interstate 74 and directly across from a Dollar General store. The site includes an existing 3,120 square foot building, offering potential for immediate use or redevelopment. Currently zoned R1-A, the Village of Mahomet anticipates a zoning change request from a future buyer, given the predominantly commercial zoning of the surrounding area. This location benefits from a blend of commercial businesses and residential neighborhoods, creating a dynamic and accessible environment. The property is being sold "as is" and includes a limited number of usage restrictions. The APN is 15-13-13-300-002. This property's proximity to Interstate 74 and the existing building provide significant advantages for a variety of commercial ventures. Serious inquiries are encouraged to explore the potential of this well-situated land parcel.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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