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    East St Oreana, IL 62554

    Sponsored
    For Sale
    $816,000

    27.2 Acres, Dividable, $30k/Acre

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    Exceptional investment opportunity: 27.2 acres of commercially zoned land in rural central Illinois, located in the desirable Argenta-Oreana school district. This property, identified by APN 180809401007, is situated on S East St, Oreana, IL 62554, and offers multiple development possibilities. The land is zoned R-4, allowing for various uses including residential, commercial, and timber operations. The asking price is $816,000, or $30,000 per acre. The seller is willing to divide the parcel to accommodate buyers' needs, with options ranging from one acre to the full 27.2 acres. Utilities are available and extendable. Previous sales of residential lots on this parcel confirm utility access. This location provides a great country setting while still offering convenient access to amenities. A farm ground lease option is also available. This property presents a unique chance to build your dream home, develop a subdivision, or pursue multi-family development. Contact us for details and to explore this exciting opportunity.

    Property Features for 0 East St

    General Information

    Property type
    Agricultural land
    Lot Size
    1,184,832 SF

    HighLights

    • 27.2‑acre parcel available, divisible by seller.
    • Highly desirable school district.
    • Prime rural location.
    • Utilities readily available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oreana
    County
    Macon
    State
    Illinois
    Longitude
    -88.8655726
    Latitude
    39.9379813

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    FAQs

    What type of property is this?
    Agricultural land - 27.2 Acres, Dividable, $30k/Acre
    Where is this agricultural land located?
    The property is located at East St Oreana, IL.
    What is the asking price?
    The asking price for this property is $816,000.
    What are key features of this property?
    This property features: 27.2-acre parcel available, divisible by seller.; Highly desirable school district.; Prime rural location.
    Request Owner's contact information
    East St Oreana, IL 62554
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    Oreana, IL 62554
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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
    East St Oreana, IL 62554
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