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    251 & Richard Moyle Sr. Hwy Oglesby, IL 61348

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    For Sale
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    101.91 Acres, Light Industrial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 101.91-acre parcel presents a unique opportunity for industrial development in Oglesby, Illinois. Strategically located at the intersection of Illinois 251 and Richard Moyle Sr. Highway in LaSalle County, this property boasts a Light Industrial zoning designation, making it ideal for a variety of commercial and industrial uses. The site benefits from convenient access to major transportation arteries, including proximity to Interstate 39 (0.25 miles), Route 251 (0.25 miles), Route 71 (1 mile), and Interstate 80 (6 miles). Furthermore, the property is situated just 8 miles from the Illinois Valley Regional Airport, offering excellent logistical advantages. Infrastructure is already in place, with city water and sewer readily available. The property is situated within both an Enterprise Zone and a Tax Increment Financing (TIF) District, offering potential tax benefits and incentives for developers. A completed Alta survey is available, streamlining the due diligence process. Low city electric rates further enhance the cost-effectiveness of this prime location. This expansive tract offers significant potential for businesses seeking a well-connected and advantageous location for their operations. Don't miss this chance to acquire a substantial land holding in a thriving industrial area.

    Property Features for 251 & Richard Moyle Sr. Hwy

    General Information

    Property type
    Land
    Lot Size
    4,439,200 SF

    HighLights

    • Oglesby, Illinois location.
    • LaSalle County location.
    • Enterprise Zone designation.
    • Tax Increment Financing (TIF) District.
    • Light Industrial zoning.
    • City water and sewer available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oglesby
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.0866814
    Latitude
    41.2808686

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    FAQs

    What type of property is this?
    Land - 101.91 Acres, Light Industrial Zoning
    Where is this land located?
    The property is located at 251 & Richard Moyle Sr. Hwy Oglesby, IL.
    What are key features of this property?
    This property features: Oglesby, Illinois location.; LaSalle County location.; Enterprise Zone designation.
    Request Owner's contact information
    251 & Richard Moyle Sr. Hwy Oglesby, IL 61348
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    Oglesby, IL 61348
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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
    251 & Richard Moyle Sr. Hwy Oglesby, IL 61348
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