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    1117 Delaware St Fairfield, IL 62837

    Sponsored
    For Sale
    $625,000

    Prime Commercial Land - $625,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 625,000 dollar commercial land opportunity is located at 1117 W Delaware Street in Fairfield, Illinois, zip code 62837. Situated in Wayne County, this property presents a unique chance for developers and investors seeking a strategic location in a thriving Illinois community. The property is classified as both land and retail, offering significant potential for a variety of commercial ventures. Its precise dimensions and acreage are not specified in the provided information, however, the asking price reflects its considerable value and potential for development. The property's address is clearly defined as 1117 W Delaware Street, providing easy access and visibility. The geographic coordinates are 38.3790117 latitude and -88.3760189 longitude, allowing for precise location identification and mapping. This prime commercial land parcel presents a compelling investment opportunity in a well-established area of Fairfield, Illinois. Further due diligence is recommended to fully assess the development potential and zoning regulations applicable to this property. Interested parties are encouraged to conduct thorough site inspections and engage in appropriate legal and financial consultations before making any investment decisions. The property is being offered at a competitive price, making it an attractive proposition for those seeking a foothold in the Illinois commercial real estate market.

    Property Features for 1117 Delaware St

    General Information

    Property type
    Retail properties

    HighLights

    • $625,000 asking price.
    • Commercial land and retail property located at 1117 W DELAWARE Street, Fairfield, IL 62837.
    • Located in Wayne County, Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    J J's Package ... Liquor Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Wayne
    State
    Illinois
    Longitude
    -88.3760189
    Latitude
    38.3790117

    Nearby Comparable

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    Nearby Similar for Sale

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      Fairfield Commercial Building - Great Investment

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    FAQs

    What type of property is this?
    Retail property - Prime Commercial Land - $625,000
    Where is this retail property located?
    The property is located at 1117 Delaware St Fairfield, IL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: $625,000 asking price.; Commercial land and retail property located at 1117 W DELAWARE Street, Fairfield, IL 62837.; Located in Wayne County, Illinois.
    Request Owner's contact information
    1117 Delaware St Fairfield, IL 62837
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    Fairfield, IL 62837
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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
    1117 Delaware St Fairfield, IL 62837
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