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    200 Main St Roanoke, IL 61561

    Sponsored
    For Sale
    $95,000

    2.37 Acres, $95,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.37-acre commercial land parcel presents a unique investment opportunity in Roanoke, Illinois. Strategically located at 200 N. Main Street, this property boasts high visibility on the town's main thoroughfare, extending from E. Husseman Street almost to Elm Street. Its central location offers easy access to Route 24, a major route connecting Peoria to Chicago, placing your business within convenient reach of a larger market. The area is served by well-maintained streets, eliminating traffic congestion, and benefits from readily available city water and sewer services. Surrounding businesses include a diverse range of establishments, such as a pizza place, feed store, grocery store, car dealership, bakery, concrete products company, and a farm supply store, indicating a strong local economy and established community. The property's size and location make it suitable for a variety of commercial ventures. The Roanoke Village Board actively supports new businesses, creating a welcoming environment for entrepreneurs. Furthermore, Roanoke benefits from a dependable workforce encompassing both blue-collar and white-collar professionals, providing a solid foundation for business growth and success. This is a rare chance to acquire a prime commercial site in a thriving Illinois community. The asking price is $95,000. The property is zoned for commercial use (verification required).

    Property Features for 200 Main St

    General Information

    Property type
    Land
    Lot Size
    103,237 SF

    HighLights

    • 2.37‑acre commercial lot in Roanoke, IL, priced at $95,000.
    • High‑visibility location on N. Main Street, offering easy access to Route 24.
    • Strong local workforce, including both blue‑collar and white‑collar professionals.
    • Pro‑business Roanoke Village Board and readily available city water and sewer services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Roanoke
    County
    Woodford
    State
    Illinois
    Longitude
    -89.1965201
    Latitude
    40.7948022

    Nearby Comparable

    • $95,000

      2.37 Acre Land Parcel

      2.37 acres with great visibility on main thoroughfare.
      200 N Main St, Roanoke, IL 61561
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      Prime Roanoke Commercial Space

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    • $199,900

      Downtown Roanoke Mixed-Use Property

      Unique live-work property with storefront in downtown Roanoke.
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      Roanoke Commercial Building - Great Potential

      Versatile 1820 sq ft building, high visibility, Route 116.
      406 Court St, Roanoke, IL 61561
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    • $275,000
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      Eureka Commercial Building - 5000+ sqft

      High-traffic corner lot, versatile space, low operating costs.
      105 Graham St, Eureka, IL 61530
      View Details

    Nearby Similar for Sale

    • $199,900

      Downtown Roanoke Mixed-Use Property

      Unique live-work property with storefront in downtown Roanoke.
      320 N Main St, Roanoke, IL 61561
      View Details
    • $330,000
      7,200 SF

      Prime Roanoke Commercial Space

      Grocery Store, Turnkey, High Visibility
      106 Davison St, Roanoke, IL 61561
      View Details
    • $79,900
      1,820 SF

      Roanoke Commercial Building - Great Potential

      Versatile 1820 sq ft building, high visibility, Route 116.
      406 Court St, Roanoke, IL 61561
      View Details

    FAQs

    What type of property is this?
    Land - 2.37 Acres, $95,000
    Where is this land located?
    The property is located at 200 Main St Roanoke, IL.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: 2.37-acre commercial lot in Roanoke, IL, priced at $95,000.; High-visibility location on N. Main Street, offering easy access to Route 24.; Strong local workforce, including both blue-collar and white-collar professionals.
    Request Owner's contact information
    200 Main St Roanoke, IL 61561
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    Roanoke, IL 61561
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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
    200 Main St Roanoke, IL 61561
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