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    917 Green Mill Rd Arcola, IL 61910

    Sponsored
    For Sale
    Contact for pricing

    Prime IL commercial lots, I-57 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    Exceptional commercial land opportunity in Arcola, Illinois, presents itself with this offering of multiple lots ranging from 1.46 to 3 acres. Strategically located directly east of Interstate 57 and near Highway 133, this property boasts unparalleled visibility and accessibility. The lots are zoned for commercial use, providing flexibility for a variety of development options. Buyers can choose from land sale, custom build, or build-to-lease arrangements, catering to diverse investment strategies. Highway frontage is available for select lots, maximizing exposure to high traffic volumes. This development is part of the thriving Green Mill Village, already home to established businesses such as a Best Western Plus hotel and a Carriage Crossing Senior Living facility, ensuring a strong existing commercial presence. The southern portion of the property is adjacent to a planned residential development, including the currently under-construction Reserve Arcola multifamily complex, creating a synergistic environment with potential for increased foot traffic and customer base. Adding to the appeal, some lots offer lake frontage, providing a unique and desirable feature. Detailed lot pricing is available upon request. This is a rare chance to secure prime commercial real estate in a growing community with excellent infrastructure and a promising future.

    Property Features for 917 Green Mill Rd

    General Information

    Property type
    Land
    Lot Size
    63,598 SF

    HighLights

    • Multiple lots available, 1.46 to 3 acres each, in Arcola, IL.
    • Prime location: East of I‑57 and near Hwy 133, offering high visibility and accessibility.
    • Commercially zoned, allowing for flexible development options.
    • Land sale, custom build, and build‑to‑lease options available.
    • Select lots offer highway frontage.
    • Located within Green Mill Village, near existing businesses (Best Western Plus, Carriage Crossing Senior Living).
    Property Profile Location Intelligence

    Current Use by Public Records

    Green Mill Village Commercial Real Estate Agency Green Mill Village ... Hotel Green Mill Village ... Performing Arts Theater

    Suggested Use

    Restaurant Realty agency Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Hotel & Motel Department Store Kitchen & Bath Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Arcola
    County
    Douglas
    State
    Illinois
    Longitude
    -88.2861818
    Latitude
    39.6789622

    Nearby Comparable

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      Development Land with Interstate Visibility

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    Nearby Similar for Sale

    • $65,000
      1,400 SF

      Arcola Commercial Property - Main St.

      Prime Arcola location, 1400 sq ft, apartment included.
      125 Main St, Arcola, IL 61910
      View Details
    • $55,000
      1,200 SF

      Arcola Mixed-Use Commercial Property

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      123 Main St, Arcola, IL 61910
      View Details
    • $1,800,000

      Prime Arcola Hotel Investment

      40-Unit Choice Hotel, High Upside Potential
      610 Springfield Rd, Arcola, IL 61910
      View Details

    FAQs

    What type of property is this?
    Land - Prime IL commercial lots, I-57 access.
    Where is this land located?
    The property is located at 917 Green Mill Rd Arcola, IL.
    What are key features of this property?
    This property features: Multiple lots available, 1.46 to 3 acres each, in Arcola, IL.; Prime location: East of I-57 and near Hwy 133, offering high visibility and accessibility.; Commercially zoned, allowing for flexible development options.
    Request Owner's contact information
    917 Green Mill Rd Arcola, IL 61910
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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
    917 Green Mill Rd Arcola, IL 61910
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