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    112 Main St Gorham, IL 62940

    Sponsored
    For Sale
    Contact for pricing

    High-visibility Gorham commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,500 square foot parcel of land is located at 112 Main Street in Gorham, Illinois, 62940. Boasting 50 feet of frontage on Main Street (SR 9), the main thoroughfare through Gorham, this property offers unparalleled visibility and accessibility. The lot is 150 feet deep, totaling approximately 0.16 acres. Zoned for multifamily, residential, and commercial uses, this versatile property presents a multitude of development opportunities. The asking price is $8,999, translating to a land value of $1.10 per square foot. The property offers five parking spaces per 1,000 square feet. Conveniently located, it's just five minutes from the Mississippi River, ten minutes from Arkansas, and fifteen minutes from Carbondale. The property is offered fee simple and is for sale by owner. APN is 13-30-330-011. Owner financing may be available.

    Property Features for 112 Main St

    General Information

    Property type
    Land

    HighLights

    • High‑visibility location on Main Street (SR9) in Gorham.
    • 50' frontage x 150' depth lot totaling 0.16 acres.
    • Residential and mixed‑use zoning allows for flexibility.
    • Priced at $8,999.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gorham
    County
    Jackson
    State
    Illinois
    Longitude
    -89.484695007617
    Latitude
    37.713679540331

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    FAQs

    What type of property is this?
    Land - High-visibility Gorham commercial land, ideal for development.
    Where is this land located?
    The property is located at 112 Main St Gorham, IL.
    What is the asking price?
    The asking price for this property is $8,999.
    What are key features of this property?
    This property features: High-visibility location on Main Street (SR9) in Gorham.; 50' frontage x 150' depth lot totaling 0.16 acres.; Residential and mixed-use zoning allows for flexibility.
    Request Owner's contact information
    112 Main St Gorham, IL 62940
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    Gorham, IL 62940
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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
    112 Main St Gorham, IL 62940
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