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    5 Apex Dr Highland, IL 62249

    For Sale
    $129,900

    Prime 0.49-acre commercial lot in Highland, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 0.49-acre commercial land parcel, identified by APN 02-2-18-32-02-202-025/028/029, presents a unique investment opportunity in Highland, Illinois. Located at 5 Apex & 20-25 Apex Drive, zip code 62249 (latitude 38.7513833, longitude -89.6728761), this property is zoned C-3 Hwy Business, allowing for a wide range of commercial development possibilities. The site's size offers ample space for various projects. While the marketing materials mention a nearby newly constructed 1,855 square foot office space and signage opportunities within the Apex Professional Park, this listing specifically pertains to the sale of the 0.49-acre land parcel itself. The asking price for this strategically located Highland property is $129,900. This represents a compelling opportunity to acquire land in a thriving commercial area with excellent visibility and potential for significant return on investment. The property's location provides easy access to major transportation routes, enhancing its appeal to a broad spectrum of potential commercial ventures. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. All information is deemed reliable but not guaranteed.

    Property Features for 5 Apex Dr

    General Information

    Property type
    Land
    Lot Size
    21,344 SF

    HighLights

    • 1,855 square feet of rentable space
    • High‑traffic location with excellent visibility
    • Ample on‑site parking available
    • Recently renovated interior with modern finishes
    • Competitive lease rates available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.6728761
    Latitude
    38.7513833

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    FAQs

    What type of property is this?
    Land - Prime 0.49-acre commercial lot in Highland, IL.
    Where is this land located?
    The property is located at 5 Apex Dr Highland, IL.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: 1,855 square feet of rentable space; High-traffic location with excellent visibility; Ample on-site parking available
    Request Owner's contact information
    5 Apex Dr Highland, IL 62249
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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
    5 Apex Dr Highland, IL 62249
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