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    Lot 1 Rte 23 Sycamore, IL 60178

    Sponsored
    For Sale
    $250,000

    0.87-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.87-acre commercial land parcel presents a unique investment opportunity in Sycamore, Illinois. Strategically located on Route 23, this property boasts 218 feet of frontage, providing excellent visibility and accessibility. Its prime location is near the intersection of Peace Road and Route 23, a signalized intersection, ensuring high traffic volume. Access is conveniently provided via an easement on Plaza Drive. The property is surrounded by a thriving mix of established retail, office, and commercial businesses, creating a strong and supportive commercial environment. The high daily traffic count on Peace Road is estimated at 15,000 vehicles. This parcel is zoned for commercial use and offers significant potential for development. Furthermore, there's a possibility of combining this 0.87-acre lot with an adjacent 3.87-acre parcel situated at the corner of Peace Road and Route 23, creating an even larger development opportunity. The asking price for this exceptional property is $250,000. Located in Pine County, Illinois, with the address Lot 1 Route 23, Sycamore, IL 60178, this property is ready for your vision. The property's coordinates are 42.010911 latitude and -88.6530753 longitude.

    Property Features for 0 Lot 1 Rte 23

    General Information

    Property type
    Land
    Lot Size
    37,897 SF

    HighLights

    • 0.87‑acre commercial lot in Sycamore, IL.
    • Zoned commercial.
    • 218 feet of frontage on Route 23.
    • High‑traffic location near the signalized intersection of Peace Road and Route 23.
    • Access via easement on Plaza Drive.
    • Excellent location surrounded by established commercial businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sycamore
    County
    Pine
    State
    Illinois
    Longitude
    -88.6530753
    Latitude
    42.010911

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    FAQs

    What type of property is this?
    Land - 0.87-acre commercial lot, prime location.
    Where is this land located?
    The property is located at Lot 1 Rte 23 Sycamore, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 0.87-acre commercial lot in Sycamore, IL.; Zoned commercial.; 218 feet of frontage on Route 23.
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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
    Lot 1 Rte 23 Sycamore, IL 60178
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