Property profile

603 South Prairie View Rd Mahomet, IL 61853

FOR SALE
Grocery and convenience stores
Property ID
US28-1755363
2,640 SF 0.99 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Total area 2,640 SF
Lot 0.99 ac (43,124 SF)
APN 151313300002
UPID US28-1755363

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

603 South Prairie View Rd Mahomet, IL 61853
Mahomet metro Census 10603 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$485k

Owner & transaction history

since 2021
Last sale
$449,000
3 recorded transactions
2021
$449,000
2001
$13,000
2001
$946,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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