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    Main St And 2 St Gorham, IL 62940

    Sponsored
    For Sale
    Contact for pricing

    High-visibility Main St. corner lot, owner financing.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,200 sq ft lot, located at the high-traffic intersection of Main and 2nd Streets in Gorham, Illinois (zip code 62940), presents a unique mixed-use development opportunity. Boasting 80 feet of frontage on Main Street and 140 feet on 2nd Street, this .26-acre parcel (APN 13-30-330-029) offers unparalleled visibility. The property is zoned for multifamily, residential, and commercial uses, providing flexibility for a variety of development projects. With a fee simple ownership and ample parking (5 spaces per 1,000 sq ft), this prime location in Jackson County is ideal for investors seeking high-return potential. The asking price is $11,999, and owner financing is available. This is a rare chance to acquire a highly visible corner lot in a growing area. Don't miss this opportunity to capitalize on the potential of this exceptional property.

    Property Features for 0 Main St And 2 St

    General Information

    Property type
    Land

    HighLights

    • 80 feet of Main Street frontage.
    • Prime corner location at the intersection of Main and 2nd Streets.
    • 140 feet of frontage on 2nd Street.
    • Mixed‑use zoning allowing residential, multifamily, and commercial development.
    • Owner financing available with non‑recourse terms.
    • Offered at $13,999.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gorham
    County
    Jackson
    State
    Illinois
    Longitude
    -89.4859125
    Latitude
    37.7138174

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    FAQs

    What type of property is this?
    Land - High-visibility Main St. corner lot, owner financing.
    Where is this land located?
    The property is located at Main St And 2 St Gorham, IL.
    What is the asking price?
    The asking price for this property is $11,999.
    What are key features of this property?
    This property features: 80 feet of Main Street frontage.; Prime corner location at the intersection of Main and 2nd Streets.; 140 feet of frontage on 2nd Street.
    Request Owner's contact information
    Main St And 2 St Gorham, IL 62940
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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
    Main St And 2 St Gorham, IL 62940
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