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    488 Il-116 GERMANTWN HLS, IL 61548

    Sponsored
    For Sale
    $595,000

    Prime Commercial Land, Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 17.6-acre parcel, located at 488 IL Route 116 in Germantown Hills, Illinois (zip code 61548), presents a significant development opportunity. The property boasts substantial frontage on the four-lane paved IL Route 116, offering excellent visibility and accessibility. Zoned for commercial use, this land is ideal for a variety of projects, including retail establishments or multifamily/senior housing developments. The property's APN is 08-28-301-043. Public sewer is available. The seller is willing to consider dividing the property, making it suitable for smaller-scale projects as well. This is one of the last remaining large commercial acreage tracts in the area. The location offers significant advantages, including access to a major thoroughfare and the potential for village incentives. This is a rare opportunity to acquire a substantial piece of land in a desirable location with excellent development potential. The property is individually owned. Consider the possibilities this prime location offers for your next commercial venture.

    Property Features for 488 Il-116

    General Information

    Property type
    Land
    Lot Size
    766,656 SF

    HighLights

    • 17.6‑acre commercial parcel in Germantown Hills, IL (61548), APN 08‑28‑301‑043.
    • Excellent visibility and accessibility with substantial frontage on four‑lane IL Route 116.
    • Public sewer available.
    • Individually owned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    GERMANTWN HLS
    County
    Woodford
    State
    Illinois
    Longitude
    -89.4602486
    Latitude
    40.7678986

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Development Opportunity
    Where is this land located?
    The property is located at 488 Il-116 GERMANTWN HLS, IL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 17.6-acre commercial parcel in Germantown Hills, IL (61548), APN 08-28-301-043.; Excellent visibility and accessibility with substantial frontage on four-lane IL Route 116.; Public sewer available.
    (309) 687-5000
    Request Owner's contact information
    488 Il-116 GERMANTWN HLS, IL 61548
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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
    488 Il-116 GERMANTWN HLS, IL 61548
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