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    11Th Ave Monmouth, IL 61462

    Sponsored
    For Sale
    $3,428,855

    57.62 Acres Near Highway Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 57.62-acre commercial land parcel presents a significant investment opportunity in Monmouth, Illinois. Strategically located along West 11th Avenue, this property enjoys high visibility and convenient access to major transportation routes. Its proximity to a recently constructed truck stop and the US Highways 67 and 34 bypass significantly enhances its commercial potential. The site boasts an 80,000-pound weight limit street, ensuring accessibility for a wide range of businesses. While some utilities are already available, the specifics should be independently verified. The seller is open to considering the division of the parcel, offering flexibility for various development scenarios. This prime location, coupled with its size and accessibility, makes it ideal for a variety of commercial ventures. The asking price for this expansive tract is $3,428,855. Given its strategic location and potential for development, this property represents a compelling investment opportunity in a growing area. Serious inquiries are encouraged to explore the possibilities and submit offers. The property is situated in Warren County, Illinois, with the zip code 61462. The geographical coordinates are latitude 40.8993517 and longitude -90.6554752.

    Property Features for 0 11Th Ave

    General Information

    Property type
    Land

    HighLights

    • $3,428,855 asking price for 57.62 acres of commercial land.
    • Located in Monmouth, IL (61462) on W 11th Avenue.
    • Adjacent to a recently built truck stop, near US Highways 67 and 34 bypass.
    • 80,000# street access; some utilities available.
    • Seller will consider dividing the parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monmouth
    County
    Warren
    State
    Illinois
    Longitude
    -90.6554752
    Latitude
    40.8993517

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    FAQs

    What type of property is this?
    Land - 57.62 Acres Near Highway Access
    Where is this land located?
    The property is located at 11Th Ave Monmouth, IL.
    What is the asking price?
    The asking price for this property is $3,428,855.
    What are key features of this property?
    This property features: $3,428,855 asking price for 57.62 acres of commercial land.; Located in Monmouth, IL (61462) on W 11th Avenue.; Adjacent to a recently built truck stop, near US Highways 67 and 34 bypass.
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    11Th Ave Monmouth, IL 61462
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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
    11Th Ave Monmouth, IL 61462
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