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    5671 Hwy 8 Mt Mount Carmel, IL 62863

    Sponsored
    For Sale
    $499,900

    Profitable Nursery & Greenhouse on 8 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional opportunity presents a well-established, profitable mixed-use commercial property encompassing 8.22 acres of rural Wabash County land near Keensburg, Illinois. The property includes a thriving nursery and greenhouse business, cultivated for decades and boasting a loyal customer base. Multiple structures are included, specifically six 25'x96' Harnois greenhouse structures, a 30'x60' sales building, a Conley polycarbonate greenhouse with an 80'x80' shade structure on a concrete pad, and an 18'x60' greenhouse. All buildings feature growing benches and propane gas heaters, supplemented by an outdoor wood burner heating system. Two 6000-gallon propane tanks are also included. A substantial amount of equipment and supplies are part of the sale, including pots, flats, shuttles, a 2008 Ford F250 Crew Cab truck (220,726 miles), a 2005 Ford E150 Cargo Van (100,956 miles), and a 2013 John Deere X750 lawn mower with a 60" deck and bagger. A homemade box trailer with 16' triple-deck shelving is also included. The property offers potential for a homesite or business expansion. Utilities will require separation from a neighboring property. Financial details are available to pre-qualified buyers upon serious inquiry. Inventory is negotiable depending on the season. The address is 5671 Hwy 8, Mt. Carmel, IL 62863. The asking price is $499,900. Lot lines are approximate and not from a survey.

    Property Features for 5671 Hwy 8 Mt

    General Information

    Property type
    Mixed-use properties
    Lot Size
    358,063 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mount Carmel
    County
    Wabash
    State
    Illinois
    Longitude
    -87.890099
    Latitude
    38.351268

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    FAQs

    What type of property is this?
    Mixed-use property - Profitable Nursery & Greenhouse on 8 Acres
    Where is this mixed-use property located?
    The property is located at 5671 Hwy 8 Mt Mount Carmel, IL.
    What is the asking price?
    The asking price for this property is $499,900.
    Request Owner's contact information
    5671 Hwy 8 Mt Mount Carmel, IL 62863
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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
    5671 Hwy 8 Mt Mount Carmel, IL 62863
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