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    217 State St Atkinson, IL 61235

    Sponsored
    For Sale
    $645,000

    I-80 Frontage, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 61235 commercial property, located at 217 N State St in Atkinson, Illinois, presents a unique investment opportunity. Priced at $645,000, this strategically positioned parcel boasts unparalleled access to Interstate 80, offering high visibility and significant exposure to substantial interstate traffic. The property is zoned B-2 Business District General, within a Tax Increment Financing (TIF) designated area, providing potential economic incentives for development. Its ideal location at the northwest corner of the I-80 and Atkinson interchange makes it perfectly suited for a variety of commercial ventures. Envision a thriving retail establishment, a convenient hotel or restaurant, a much-needed convenience store, a campground catering to travelers, or a semi-truck service center – all benefiting from the constant flow of interstate traffic. The site is fully serviced, with readily available city water, sewer, three-phase electric, and natural gas connections, simplifying the development process. This prime location and advantageous zoning make this a truly exceptional opportunity for investors seeking high-impact commercial development in a rapidly growing area. The property's proximity to the interstate ensures high visibility and accessibility, making it an attractive proposition for a wide range of businesses. Don't miss this chance to capitalize on this exceptional location and build a successful commercial enterprise.

    Property Features for 217 State St

    General Information

    Property type
    Specialty properties

    HighLights

    • 61,235 SF commercial lot at 217 N State St, Atkinson, IL, priced at $645,000.
    • High‑visibility location with I‑80 interstate access.
    • B‑2 zoning in a Tax Increment Financing (TIF) district.
    • Fully serviced with city water, sewer, three‑phase electric, and natural gas.
    • Ideal for various commercial uses, benefiting from high interstate traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Atkinson
    County
    Henry
    State
    Illinois
    Longitude
    -90.0160289
    Latitude
    41.4132492

    Nearby Comparable

    • $645,000
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    Nearby Similar for Sale

    • $645,000
      21.82 Acres

      I-80 Interchange Commercial Land

      Prime location, high-traffic development opportunity.
      217 State Street Plz, Atkinson, IL 61235
      View Details
    • $950,000
      246,114 SF

      Atkinson Estates MHC: Value-Add Opportunity

      Illinois Mobile Home Park, 24 Pads, High NOI
      109 Pearl St, Atkinson, IL 61235
      View Details

    FAQs

    What type of property is this?
    Specialty property - I-80 Frontage, Development Ready
    Where is this specialty property located?
    The property is located at 217 State St Atkinson, IL.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: 61,235 SF commercial lot at 217 N State St, Atkinson, IL, priced at $645,000.; High-visibility location with I-80 interstate access.; B-2 zoning in a Tax Increment Financing (TIF) district.
    Request Owner's contact information
    217 State St Atkinson, IL 61235
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    Atkinson, IL 61235
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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
    217 State St Atkinson, IL 61235
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