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    34 R 8 Channahon, IL 60410

    Sponsored
    For Sale
    $1,595,000

    1.51 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.51-acre commercial land parcel, identified by APN 0323226004, presents a remarkable investment opportunity in Channahon, Illinois. Located in Section 23, Township 34, Range 8 East, lots 8 and 9, this fee simple ownership property offers significant potential for various commercial developments. The asking price is $1,595,000. Situated in the desirable 60410 zip code of Grundy County, this property boasts a prime location with excellent access to key transportation routes (specific details not provided). The expansive lot size provides ample space for a wide range of commercial projects, from retail establishments to light industrial facilities. The property's zoning and permitted uses should be independently verified by prospective buyers to ensure alignment with their development plans. This is a rare opportunity to acquire a substantial commercial land holding in a thriving Illinois community. Detailed site plans and surveys are available upon request. Serious inquiries only. All information is deemed reliable but not guaranteed and should be independently verified.

    Property Features for 34 R 8

    General Information

    Property type
    Land
    Lot Size
    65,776 SF

    HighLights

    • 1.51‑acre commercial land parcel in Channahon, IL (APN 0323226004).
    • $1,595,000 asking price.
    • Located in Section 23, Township 34, Range 8 East, lots 8 & 9, Grundy County (60410 zip code).
    • Excellent access to major transportation routes.
    • Suitable for various commercial developments (retail, light industrial, etc.).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Channahon
    County
    Grundy
    State
    Illinois
    Longitude
    -88.2169027
    Latitude
    41.4174728

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    FAQs

    What type of property is this?
    Land - 1.51 Acres, Prime Development Site
    Where is this land located?
    The property is located at 34 R 8 Channahon, IL.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: 1.51-acre commercial land parcel in Channahon, IL (APN 0323226004).; $1,595,000 asking price.; Located in Section 23, Township 34, Range 8 East, lots 8 & 9, Grundy County (60410 zip code).
    (815) 939-1255
    Request Owner's contact information
    34 R 8 Channahon, IL 60410
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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
    34 R 8 Channahon, IL 60410
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