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    505 Dunlap Ave Savoy, IL 61874

    Sponsored
    For Sale
    Contact for pricing

    19 Acres, C-3 Zoned, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 19-acre commercial land parcel presents a unique investment opportunity in Savoy, Illinois. Located at 505 S Dunlap Ave, 61874, this property boasts a C-3 Heavy Commercial zoning designation, offering significant development potential. Its prime location is immediately adjacent to a Walmart, ensuring high visibility and convenient access for any commercial venture. The expansive lot size provides ample space for a variety of uses, from large-scale retail establishments to industrial facilities. The property's address is 505 S Dunlap Ave, Savoy, IL, within Champaign County. The precise coordinates are latitude 40.0495686 and longitude -88.2570311. This strategically positioned land offers unparalleled access to a substantial consumer base and excellent transportation links. The property is being offered for sale by owner, providing a direct and efficient transaction process. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land parcel presents. The sale is subject to the terms and conditions outlined in the final purchase agreement. This is a rare opportunity to acquire a significant commercial land holding in a thriving Illinois community.

    Property Features for 505 Dunlap Ave

    General Information

    Property type
    Land
    Lot Size
    827,640 SF

    HighLights

    • 19‑acre commercial land parcel in Savoy, IL, with C‑3 Heavy Commercial zoning.
    • Located at 505 S Dunlap Ave, Savoy, IL 61874, adjacent to a Walmart.
    • Ample space for various commercial uses, including large‑scale retail or industrial facilities.
    • Offered for sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jackson Hewitt Tax ... Tax Preparation Walmart Photo Center Photo Shop Western Union Money Transfer Service MoneyGram Money Transfer Service Walmart Home Services Home Help Service Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Savoy
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2570311
    Latitude
    40.0495686

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    FAQs

    What type of property is this?
    Land - 19 Acres, C-3 Zoned, Prime Location
    Where is this land located?
    The property is located at 505 Dunlap Ave Savoy, IL.
    What are key features of this property?
    This property features: 19-acre commercial land parcel in Savoy, IL, with C-3 Heavy Commercial zoning.; Located at 505 S Dunlap Ave, Savoy, IL 61874, adjacent to a Walmart.; Ample space for various commercial uses, including large-scale retail or industrial facilities.
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    Savoy, IL 61874
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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
    505 Dunlap Ave Savoy, IL 61874
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