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    23 & Barber Greene DeKalb, IL 60115

    Sponsored
    For Sale
    $3,200,000

    Prime DeKalb commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 59.38-acre parcel presents a significant commercial development opportunity in DeKalb, Illinois. Strategically located at the intersection of Route 23 and Barber Greene Road, the property boasts excellent visibility and accessibility. Currently zoned for agricultural use (AG), the land is primed for future commercial development, pending annexation to the city of DeKalb. The site is surrounded by existing retail and light industrial businesses, indicating strong market demand and potential for synergy. Utilities are conveniently located nearby, simplifying infrastructure development. Further enhancing its appeal, the property offers potential future access from Wirsing Road, providing multiple access points. Currently leased for crop production, this land is situated within an Enterprise Zone, potentially offering attractive tax incentives for qualified projects. The asking price for this expansive tract is $3,200,000. This presents a rare chance to acquire a large, well-positioned parcel with significant upside potential in a thriving DeKalb location. The property's size and location make it suitable for a variety of commercial uses, subject to necessary approvals and zoning changes.

    Property Features for 23 & Barber Greene

    General Information

    Property type
    Land
    Lot Size
    2,586,593 SF

    HighLights

    • $3,200,000 asking price.
    • 59.38‑acre commercial land parcel.
    • Located in DeKalb, IL, at TBD Route 23 & Barber Greene (60115).
    • Frontage on Route 23 and Barber Greene Road.
    • Currently zoned AG, future commercial use requires annexation to DeKalb.
    • Utilities are nearby, potential future access from Wirsing Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    DeKalb
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.7243805
    Latitude
    41.9531286

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    FAQs

    What type of property is this?
    Land - Prime DeKalb commercial land, ideal for development.
    Where is this land located?
    The property is located at 23 & Barber Greene DeKalb, IL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: $3,200,000 asking price.; 59.38-acre commercial land parcel.; Located in DeKalb, IL, at TBD Route 23 & Barber Greene (60115).
    Request Owner's contact information
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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
    23 & Barber Greene DeKalb, IL 60115
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