Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    625 US-36 Tuscola, IL 61953

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime industrial land with rail service near U.S. Route 36.

    Type:LAND
    Lot size:
    858.00 Acres
    Added:
    Sep 9, 2025
    Days on Market:
    210
    Last Refresh:
    Apr 1 at 10:03 pm

    Property Features for 625 US-36

    General Information

    Standard status
    Active
    Lot size
    858.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Zane Peterson

    Listing agent Zane Peterson

    Listing office Main Place Real Estate

    Listing date Sep 9, 2025

    Source Moodyscre

    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 Main Place Real Estate

    Overview

    858 Acres of Industrial Land

    This is an 858-acre parcel of industrial land, comprised of ten parcels, located directly off U.S. Route 36 in rural Tuscola, Illinois. Rail service is available via Decatur & Eastern Illinois Railroad (DREI), connecting to Canadian National (CN), CSX Transportation (CSX), Norfolk Southern (NS), and Union Pacific (UP) railways. The property includes 153 acres of greenfield farmland. Historically, the site was used by a synthetic ethanol manufacturer and is scheduled to be fully decommissioned by the fourth quarter of 2024. As part of the decommissioning process, all improvements, including utility access, will be removed. The location provides convenient access to Interstate 57 and Interstate 72 via U.S. Route 36, facilitating transit to Midwest states and metro markets such as Chicago, Indianapolis, Louisville, and St. Louis.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tuscola
    County
    Douglas
    State
    Illinois
    Longitude
    -88.2809
    Latitude
    39.7916

    Nearby Similar for Sale

    • $750,000

      Historic Downtown Tuscola Commercial Portfolio

      Turn-key commercial and residential portfolio in the heart of Tuscola.
      101 W Sale Street, Tuscola, IL 61953
      View Details
    • $320,000

      Tuscola Showroom and Office Space

      18,000 SF showroom/office space in downtown Tuscola, Illinois.
      211 & 215 N Main Street, Tuscola, IL 61953
      View Details
    • $140,000

      Downtown Tuscola Commercial Opportunity

      Commercial property in downtown Tuscola with potential for various ventures.
      103 N Main Street, Tuscola, IL 61953
      View Details
    • $120,000

      Tuscola Commercial Showroom/Retail Space

      Over 3300 square feet in downtown Tuscola, Illinois.
      106 E Sale Street, Tuscola, IL 61953
      View Details
    • $130,000

      Retail Building in Downtown Tuscola

      Retail/showroom space in downtown Tuscola near amenities.
      108 E Sale Street, Tuscola, IL 61953
      View Details
    • $365,000

      Tuscola Commercial Building For Sale

      Prime location commercial building with high traffic and business potential.
      901 E Southline Road, Tuscola, IL 61953
      View Details
    • $990,000
      37 SF

      37,619 SF Former Grocery Store

      Well-maintained building with ample parking and multiple uses.
      605 E Southline Rd Tuscola, IL 61953, IL 61953
      View Details
    • $401,472

      31+ Acres Zoned B-1

      31+ acres of commercial land with utilities in place.
      Tuscola Blvd, Tuscola, IL
      View Details
    • $16,000

      Tuscola, IL Corner Lot

      Corner lot suitable for commercial or residential use near downtown.
      206 S Washington Street, Tuscola, IL 61953
      View Details
    • $990,000
      37,619 SF

      Former Grocery Store with Parking

      37,619 SF building, formerly a grocery store, for sale.
      607 E Southline Rd, Tuscola, IL
      View Details
    • $269,128

      31+ Acres Zoned B-1

      31+ acres of commercial land with utilities in place.
      1217 Tuscola Blvd, Tuscola, IL
      View Details
    • $150,000

      Commercial Development Lot For Sale

      2.12 acre commercial lot with high visibility.
      205 E Southline Rd, Tuscola, IL
      View Details

    FAQs

    What type of property is this?
    Industrial land - Prime industrial land with rail service near U.S. Route 36.
    Where is this industrial land located?
    The property is located at 625 US-36 Tuscola, IL.
    What is the asking price?
    The asking price for this property is $14,500,000.
    What are key features of this property?
    This property features: 858 acres of prime industrial land.; Rail service available via Decatur & Eastern Illinois Railroad (DREI) connecting to four Class I freight railways.; Directly off U.S. Route 36, providing easy transit to Interstate 57 and Interstate 72.
    (217) 454-8800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Zane Peterson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!