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    11407 Il-6 Chillicothe, IL 61523

    Sponsored
    For Sale
    $645,000

    31.42 Acres, I1 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 31.42-acre commercial and industrial land parcel presents a unique investment opportunity in Chillicothe, Illinois. Strategically located at the corner of Route 6 and State Street, this property boasts high visibility and accessibility. With a preliminary plat already in place, 14.81 acres are designated as buildable, simplifying the development process. The property's I1 zoning allows for a variety of commercial and industrial uses, catering to diverse business needs. Its prime location just one block from Route 29 ensures convenient access to major transportation routes. Benefit from significant daily traffic volume, with counts reaching 13,900 vehicles passing the signalized intersection. The asking price for this expansive property is $645,000. This presents a compelling opportunity for developers and investors seeking a well-positioned site in a growing area. The property is situated in Peoria County, Illinois, with the address listed as 11407 IL-6, Chillicothe, IL 61523. Detailed information regarding the preliminary plat is available upon request. Don't miss this chance to acquire a substantial land holding in a high-traffic location.

    Property Features for 11407 Il-6

    General Information

    Property type
    Land
    Lot Size
    1,368,655 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chillicothe
    County
    Peoria
    State
    Illinois
    Longitude
    -89.56804
    Latitude
    40.824232

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    FAQs

    What type of property is this?
    Land - 31.42 Acres, I1 Zoning, High Traffic
    Where is this land located?
    The property is located at 11407 Il-6 Chillicothe, IL.
    What is the asking price?
    The asking price for this property is $645,000.
    Request Owner's contact information
    11407 Il-6 Chillicothe, IL 61523
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    Chillicothe, IL 61523
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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
    11407 Il-6 Chillicothe, IL 61523
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