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    342 Park Blvd Freeport, IL 61032

    For Sale
    $375,000

    Vacant land, high-traffic area, great potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 0.51-acre vacant lot presents a unique investment opportunity in Freeport, Illinois. Zoned for retail use, specifically convenience store and storefront, this property boasts a highly visible location at the hard corner of a well-lit intersection. Access is convenient from both North Park Boulevard and West Galena Avenue, ensuring excellent visibility and accessibility for potential businesses. The strategic location places the property directly across the street from a shopping center anchored by CVS and a grocery store, providing significant foot traffic and consumer draw. West Galena Avenue, a major thoroughfare in Freeport, runs directly past the property, further enhancing its exposure to a large daily volume of vehicles. The asking price is $375,000. This vacant land is ideal for developers seeking a prime location to build a new convenience store or storefront, capitalizing on the existing commercial activity and high traffic counts in this established retail area. The property's size and location make it an attractive proposition for investors looking for strong returns in a thriving market. The site offers significant potential for a variety of retail uses, making it a compelling investment opportunity.

    Property Features for 342 Park Blvd

    General Information

    Property type
    Individual retail properties
    Lot Size
    22,216 SF

    HighLights

    • 0.51‑acre vacant lot in Freeport, IL, zoned for retail (convenience store/storefront).
    • High‑visibility corner lot at a well‑lit intersection, easily accessible from North Park Blvd. and West Galena Ave.
    • Prime location across from a shopping center anchored by CVS and a grocery store, ensuring high foot traffic.
    • Situated on West Galena Ave., a major thoroughfare, providing significant vehicle exposure.
    • Asking price: $375,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.6505726
    Latitude
    42.3026018

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    FAQs

    What type of property is this?
    Individual retail property - Vacant land, high-traffic area, great potential.
    Where is this individual retail property located?
    The property is located at 342 Park Blvd Freeport, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 0.51-acre vacant lot in Freeport, IL, zoned for retail (convenience store/storefront).; High-visibility corner lot at a well-lit intersection, easily accessible from North Park Blvd. and West Galena Ave.; Prime location across from a shopping center anchored by CVS and a grocery store, ensuring high foot traffic.
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    342 Park Blvd Freeport, IL 61032
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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
    342 Park Blvd Freeport, IL 61032
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