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    8890 Us Hwy 45 Hwy Eldorado, IL 62930

    Sponsored
    For Sale
    $109,000

    Prime IL Highway 45 location, 2 buildings.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 8890 US Hwy 45 N in Eldorado, Illinois (zip code 62930), presents a wealth of opportunities for savvy investors. Listed at $109,000, this land parcel boasts two existing buildings totaling over 2000 square feet. Built in 1999, the main structure features electricity, septic, heating, and air conditioning. While water currently requires hauling (a previous owner successfully utilized this method), the property offers significant potential for various commercial ventures. The buildings include a small apartment with a full bath, kitchen, and bedroom, plus a half bath with washer and dryer hookups. Additional features include a covered front patio, a drive-through garage, a 20x20 detached garage, and an enclosed carport/garage. Inside, built-in desks, a bar, and shelving are included. Three propane wall heaters and two window units provide climate control. The property also features a small pond nestled within a wooded area. Its previous use as a lawn and garden center and car/farm equipment lot highlights its ideal location and versatile nature. This property is situated in Saline County, Illinois, offering excellent highway visibility and accessibility. Don't miss this chance to acquire a well-positioned commercial property with significant upside potential.

    Property Features for 8890 Us Hwy 45 Hwy

    General Information

    Property type
    Land

    Building Details

    Year Built
    1999
    Buildings
    2

    HighLights

    • $109,000 asking price for a commercial property at 8890 US Hwy 45 N, Eldorado, IL 62930.
    • Over 2000 square feet in two buildings on the lot, built in 1999.
    • Main building features electricity, septic, HVAC, and a small apartment with full bath, kitchen, and bedroom.
    • Includes a drive‑through garage, 20x20 detached garage, and enclosed carport/garage.
    • Excellent highway visibility and accessibility in Saline County, Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Eldorado
    County
    Saline
    State
    Illinois
    Longitude
    -88.426729
    Latitude
    37.823709

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    FAQs

    What type of property is this?
    Land - Prime IL Highway 45 location, 2 buildings.
    Where is this land located?
    The property is located at 8890 Us Hwy 45 Hwy Eldorado, IL.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: $109,000 asking price for a commercial property at 8890 US Hwy 45 N, Eldorado, IL 62930.; Over 2000 square feet in two buildings on the lot, built in 1999.; Main building features electricity, septic, HVAC, and a small apartment with full bath, kitchen, and bedroom.
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    Eldorado, IL 62930
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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
    8890 Us Hwy 45 Hwy Eldorado, IL 62930
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