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    Greenwood Acres Dr DeKalb, IL 60115

    Sponsored
    For Sale
    $269,000

    Prime DeKalb County commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 2.47-acre commercial land parcel is strategically located in DeKalb, Illinois, on Greenwood Acres Drive, zip code 60115. Its prime location within DeKalb County's thriving retail corridor presents a remarkable development opportunity. The property is situated adjacent to a Lowe's home improvement store, ensuring high visibility and convenient access for potential businesses. A wide range of development options are feasible, including hotels, restaurants, mixed-use complexes, office buildings, medical facilities, mini-storage units, or light industrial spaces. The presence of existing sanitary sewer infrastructure simplifies development planning and reduces upfront costs. Furthermore, the property's proximity to movie theaters, shopping centers, and a nature trail enhances its appeal and provides added convenience to future occupants and patrons. The owner is motivated to sell and is seeking an immediate buyer for this exceptional investment opportunity. The asking price for this 2.47-acre site is $269,000. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area.

    Property Features for 0 Greenwood Acres Dr

    General Information

    Property type
    Land
    Lot Size
    107,593 SF

    HighLights

    • 2.47‑acre commercial land parcel in DeKalb, IL (60115) on Greenwood Acres Drive.
    • Prime location in DeKalb County's retail corridor, adjacent to a Lowe's.
    • High visibility and convenient access; suitable for hotels, restaurants, mixed‑use, office, medical, mini‑storage, or light industrial uses.
    • Existing sanitary sewer infrastructure.
    • Near movie theaters, shopping, and a nature trail.
    • Motivated seller; asking price $269,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    DeKalb
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.7280546
    Latitude
    41.9557584

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    FAQs

    What type of property is this?
    Land - Prime DeKalb County commercial land, ideal for development.
    Where is this land located?
    The property is located at Greenwood Acres Dr DeKalb, IL.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: 2.47-acre commercial land parcel in DeKalb, IL (60115) on Greenwood Acres Drive.; Prime location in DeKalb County's retail corridor, adjacent to a Lowe's.; High visibility and convenient access; suitable for hotels, restaurants, mixed-use, office, medical, mini-storage, or light industrial uses.
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    Greenwood Acres Dr DeKalb, IL 60115
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    DeKalb, IL 60115
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    Realmo Value Estimation

    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.

    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.

    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
    Greenwood Acres Dr DeKalb, IL 60115
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