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    5511 Us-12 Richmond, IL 60071

    Sponsored
    For Sale
    $485,000

    3 Acres, High Traffic, $485,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Richmond, Illinois. Located at the highly visible southeast corner of State Route 31 and US Route 12, this property boasts unparalleled visibility and accessibility. The site benefits from exceptionally high daily traffic counts, with approximately 11,900 vehicles passing on US Route 12 and 6,700 on State Route 31 daily. This strategic location offers significant potential for a variety of commercial uses. The property is zoned Business and is serviced by city water and sewer utilities, simplifying development. An existing landscape tenant will be vacating, making this a blank canvas for your vision. The surrounding area is densely populated, with approximately 50,000 households and 131,509 people within a 10-mile radius, ensuring a robust customer base. While this listing focuses on the 3-acre parcel priced at $485,000, additional acreage is available at $145,000 per acre. The total available land encompasses 27.7 acres (25.1 net acres). A detailed land survey is available upon request. This is a rare opportunity to acquire a prime commercial property in a thriving location with excellent infrastructure and high traffic counts. Don't miss this chance to secure your place in this dynamic market.

    Property Features for 5511 Us-12

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • Business zoning.
    • Richmond Village location.
    • City sewer and water utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3049086
    Latitude
    42.4502621

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    FAQs

    What type of property is this?
    Land - 3 Acres, High Traffic, $485,000
    Where is this land located?
    The property is located at 5511 Us-12 Richmond, IL.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Business zoning.; Richmond Village location.; City sewer and water utilities available.
    (773) 736-6461
    Request Owner's contact information
    5511 Us-12 Richmond, IL 60071
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    Richmond, IL 60071
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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
    5511 Us-12 Richmond, IL 60071
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